Leasing or Renting

Leasing or Renting

If you don’t own the property you run your business from, you either lease, rent of occupy it for a limited period.

Our experience enables us to efficiently tailor make a business lease to suit your particular needs.  We offer expert advice on all areas of commercial leases, from putting the lease in place through to advising you on your opportunities to dispose of the lease.

When negotiating the heads of terms for a new lease, it is important to consider the following areas:

  • The extent of the property to be let (a Land Registry compliant plan will be required in almost all cases)
  • The length of the lease
  • The amount of rent and when it will be payable
  • Will there be any rent reviews?
  • Responsibility for repairs/decoration
  • If the tenant is allowed to assign (transfer) or sublet the property?
  • The permitted use
  • Will there be any options to terminate early, if so will there be any conditions attached?
  • Will the lease provide the tenant with the right to renew at the end of the initial term (security of tenure)?
  • Will the landlord require a rent deposit or guarantor?

The more detail that is agreed between the parties in advance in the heads of terms, the easier it should be to bring the lease to an early completion.  We can help you at each stage of the negotiations.

Leasehold Management

We also offer a full service on property management issues and procedures, including:

  • licences to assign leases
  • licences to underlet
  • licences to carry out works
  • rent deposit deeds
  • deeds of variation
  • deeds of surrender

If there are problems between landlords and tenants, we can also assist with dispute resolution and debt recovery.

How can our Commercial Property team help you?

Where the scope of the work is identified at the outset, we will offer negotiate the lease for a fixed price.  We will also advise you of the payments to third parties that we will have to make on your behalf which means that you will be be able to prepare your budget for the transaction with some certainty.

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- Dale Fiddy - Portobello Developments Ltd

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