How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Buachaill Your Own Question
Buachaill
Buachaill, Barrister
Category: UK Law
Satisfied Customers: 10188
Experience:  Barrister 17 years experience
53108719
Type Your UK Law Question Here...
Buachaill is online now
A new question is answered every 9 seconds

Is there a binding contract if I get a business lease from a

Customer Question

Is there a binding contract if I get a business lease from a landlord who is on mortgage?
Submitted: 9 months ago.
Category: UK Law
Expert:  Buachaill replied 9 months ago.

1. Dear Chamunorwa, there is a binding contract if you get a business lease from a landlord who is on a mortgage. Just ensure that the business lease is in writing and signed by both you and the landlord. It makes no difference that the landlord is repaying a mortgage. The landlord is still the owner even if he has to pay off a mortgage. A landlord on a mortgage can validly grant you a business lease. This lease is then binding on both you and on the landlord. However, ,to ensure that you are protected, it should be in writing.