What happens to my premises after I’ve sold my business?

So, let’s talk about premises. Well, perhaps you work from home, from serviced or, perhaps, leased offices, or you own the premises yourself, or even through your pension. Some buyers are going to want to retain your office indefinitely. Some, perhaps, for a fixed period, some may not want it at all. And that’s  because some of the buyers will want to see clients face-to-face in their offices. Some still in client’s homes, some just online and remotely, but most probably, like you, are using a hybrid setup.

So, if you lease your offices, make sure you very carefully check your contractual obligations as far as giving notice is concerned. Go and check the break clauses. And, most particularly, checking the contract for dilapidations. If you don’t check that, that could come back and bite you.

Be careful committing to any contracts which significantly exceed the length of time after you sell the business or you might have to pick up the tab.