For businesses that are looking to put down a footprint for a longer time, such as established businesses, a leased space can certainly be the best option.


A lease creates a contract between a landlord and a tenant, or a tenant and a subtenant. In some circumstances, a licence can be created that outlines a short-term agreement permitting a tenant (licensee) to take on a space for a short period of time. The licence option does not normally require legal advice and can be set up relatively quickly.

Better Security for you

A full lease is a much more complicated legal agreement permitting a tenant to occupy a property. This can take from a few weeks to a few months to agree and complete. This process commences once an agreement is in place outlining the key terms and components of the lease that have been agreed between the landlord and the tenant. This is known as the heads of terms. A lease, once agreed, provides the tenant with a much greater level of security than a licence.

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