Licence: Benefits & FAQ's

What benefit does a licence offer over a lease?

Increased Flexibility:
Leases often involve a long-term commitment and a lengthy legal process - as well as a non-returnable premium to secure the space you want. Licence agreements are much more flexible, asking for no more than a six-month commitment and with no legal fees. This works particularly well for smaller media businesses who rely on contract work and need an adaptable and supportive structure around them to encourage their growth.

What to expect from a Licence:

• A simple to understand Licence
• No premium, only 2 months deposit and no personal guarantees required
• A straightforward 6 month Licence with the option to stay or move on
• We handle all admin and set up at no extra charge
• No additional charge for business rates, utilities, service and maintenance

A Lease… what to expect before you move in:

• An up front cash premium tying up your capital
• Personal guarantees often required by the landlord risking your home if your business fails
• A prolonged legal process followed by often high legal fees
• A long term commitment whatever the needs of your business
• Time and money spent on decoration, carpeting, cabling and connections
• Expenditure of capital and resources on alarm system, heating system and sourcing phone-lines, internet and utilities

A Lease… what to expect after you move in:

• Ongoing expenses and admin time dealing with business rates, electricity bills, gas bills, etc....
• Service charges for building repairs, cleaning, maintenance, management, security and insurance as well as lift maintenance, waste collection, reception, fire alarms and safety equipment
• Time and money spent negotiating with the Landlord over rent increases which can often involve legal fees and surveyor’s costs
• Costs incurred in disposing of lease and recovering premium.

Is BMC more expensive than traditional leased office space?

No - we save you money:
Many commercial leases appear inexpensive but the rental figure covers only the space itself not the hidden costs of maintenance, security, decoration, cabling and service charges which usually amount to the same as the lease itself. BMC provides an inclusive licence fee meaning no unexpected costs or hassle for you if the lift breaks down or the windows need cleaning leaving you to concentrate on running your business.