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insider.co.uk

Tacit relocation: how will reforms impact Scottish businesses?

After staff, the biggest overhead borne by most businesses is the property it occupies.

More often than not, that property will be held on a commercial lease.

Almost all leases will be for a defined term. While it would be reasonable to assume that, at the expiry of the term, the lease comes to an end automatically, that is not the case in Scots Law.

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