Think about that impression and be clear about what features and benefits you want from the location, building and internal layout.

Some things to bear in mind are:

• Do you have any business contacts you could share with?
• Do any of your personal contacts have recommendations?
• Visit several commercial agents in the area you are considering.
• Contact the economic development / Inward Investment department of your local authority (see links below).
• Speak to your local Business Link / Professional Association.
• Read relevant publications / local papers and obtain local survey.
• Involve your professional advisers before committing to any kind of legal agreement.
• Consider hiring a Chartered Surveyor who will understand the market and be able to negotiate on your behalf.

• This is usually a long-term investment.
• It allows complete control over moving out, subject to market conditions and finding a buyer.
• Alternatively, you can become a landlord to other businesses.
• Your money may be tied up for a long time - deposits for commercial mortgages can be as much as 50%.
• As a rule of thumb, it usually works out less expensive than paying rent after the first 10 years.

• This is a rental agreement, usually over several years.
• Gives you security of tenure for the term of the lease, usually between 3 and 25 years. You can usually agree break clauses which allow you to cancel the agreement at pre-set intervals.
• Rent is usually paid quarterly in advance. You may also have to pay a deposit up front.
• Rent reviews will also apply at fixed periods.
• Landlords often quote standard lease terms and you should be prepared to ask for what your business needs. For instance, if you need a different initial period or the option to move to bigger premises without penalty.

• This is a rental agreement, usually for a short/temporary basis.
• New or small businesses may prefer this arrangement which can often be terminated at a month's notice.
• Often comes with access to shared equipment on a pay as you go basis.
• Many provide switchboard/secretarial service at an additonal cost.
• Carries minimal legal fees (if any) and only a small deposit is required.
• Rent is normally paid monthly or quarterly in advance.
• Local authorities and Enterprise Agencies often offer subsidised rents.