Commercial Lease Solicitors
At Talbots Law, we believe that businesses should be able to focus on what they do best. That’s why when it comes to the leasing process, it’s our job to ensure that you’re getting the best deal from your landlord. That way, you don’t have to worry later down the line.
With a team of expert commercial lease solicitors, you’ll be guided through negotiation to find an agreement that meets your practical and commercial needs.
Whether you’re a landlord or a tenant, it’s vital to seek advice from a professional commercial lease solicitor before entering into an agreement. Why? Well, though you may see it as just a lease, legally committing to terms that don’t necessarily benefit you for a long period of time could be damaging for you as a business.
That’s why we advise both landlords and tenants on all the aspects involved in a commercial lease: from length of lease to rent and repairs.
Why choose Talbots commercial lease solicitors?
At Talbots Law, we know how important premises are to our business clients. That’s why when it comes to drafting and negotiating a commercial lease; we’ll always take the time to gain an in-depth understanding of your commercial needs before helping you through the process. That way, you can rest assured that we’ll always have your best interests at heart and therefore, so will your lease or contract. So instead of being pressured into a lease that doesn’t necessarily benefit you, speak to our commercial lease solicitors for detailed advice that works for you. We advise both landlords and tenants on the following:
- Negotiating Heads of Terms
- Commercial lease renewal
- Sub-letting commercial property
- Break clauses
- Dilapidation issues
What should I look for in a commercial lease?
When entering into a commercial lease, there are many considerations to make before signing an agreement. We’ll help you to thoroughly ensure that all the issues below have been addressed before you sign, and help you understand your position before you enter into negotiations.
Our commercial lease solicitors will investigate the landlord’s legal title to the property to make sure they can legally grant a lease. Where the landlord has a mortgage, the mortgage lender too will need to provide consent before the lease can be granted.
Before you sign the lease, you’ll undoubtedly want to consider how much rent will be payable over the period of time you are letting, so if you wish to negotiate this with the landlord, it’s best to do so as early as possible. As a tenant, you might be responsible for paying a service charge for the property or building insurance. These are aspects you will want to negotiate with the seller before signing, as you may secure yourself a better deal.
Value added tax
For commercial properties that are less than 3 years old, VAT will be chargeable to the tenant. This is just another consideration when planning your finances while letting the property.
Speak to the landlord about whether or not you will be responsible for contributing towards repairs payments, or whether it’s included in a service charge. This will vary from one commercial property to the next, but is an essential consideration prior to signing an agreement.
Reviewing the amount of rent charged is a common practice for landlords. Within your lease, the landlord should specify a date at which point the rent should be reviewed. If not already present, your landlord should set this out clearly in the lease once a date has been agreed.
We’ll help you establish whether the property has planning permission for the property to be used as you intend to do so, and that the lease permits this use.
Does the lease automatically renew once it’s over, or are you able to request this from the landlord? Before entering negotiations, speak to our solicitors regarding lease renewal, and ensure that the landlord is clear about the rules surrounding renewal.
At Talbots Law, we’ve been helping businesses through commercial lease negotiations for years. That’s why you can rely on us as experts to protect your best interests before you sign an agreement. Just give us a call today on 0800 118 1500 for more information.
- Amy Tsang
- Charan Thiara
- Associate Solicitor Commercial Property
- Claire Cooper
- Senior Associate Solicitor Commercial Property
- Joe Foley
- Nicola Reeve
- Director and Head of Commercial Property
- 07932 679673
- Paul Reed
- Director and Head of Residential Development
- 07815 289122
- Ratika Mal
- Trainee Solicitor
For more information please contact us