When you set up a business or your business moves into new premises you may decide to stay in those premises under a lease. This type of lease is usually called a commercial lease. Commercial leases can become complicated and we can advise you about the terms of the lease and what they mean to your business.
As a commercial tenant, it is vital that you understand and adhere to your obligations under the lease agreement. For example, most commercial leases impose full repair and insurance obligations meaning that in addition to being responsible for repair of the premises you will be expected to repay the Landlord for costs incurred for insurance and service charges in addition to the rent and that these costs can be recovered by a Landlord as rent meaning that default on payment under the lease of any of these costs or breach of any of the conditions of the lease can leave you vulnerable to forfeiture. We can help you understand your obligations.
Equally, as a commercial landlord, it is important to have in place a tightly drafted commercial lease to protect your property. Further, you may have a tenant who is not maintaining the property as they should or is falling behind in the rent. We can help in these situations.
Our commercial property solicitors act for a range of clients on many issues relating to commercial leases including:
- Advice on commercial leases
- Buying and selling business property (and associated businesses if applicable)
- Landlord and tenant arrangements including rent reviews and lease renewals
- Compulsory purchases
- Sales by agreement