How Your Solicitor Can Help You With Business Leases Tuesday, April 7, 2015
If you're planning to lease your premises or to rent a building for business purposes, it's a good idea to speak with a specialist commercial property solicitor before you sign any documents.
Business leases are complicated and you need to be confident your particular lease terms provide you with the scope and legal protection you need, whether you're a landlord or tenant.
Your solicitor should ensure the process of understanding and handling your business lease is straightforward and effective.
What Help Do Landlords Need?
Regardless of the size and nature of your premises, your business lease should look after your interests and protect you from potential issues, today and in the future.
Factors to consider include:
- What happens if a tenant defaults
- How easy it is to re-let the building
- Which party pays for any repairs
- Whether a break clause is needed
- Rent deposits
What Help Do Tenants Need?
Regardless of how big or small your business is and the sector you operate within, your business lease needs to give you the freedom to run it as well as provide protection from any potential issues.
Factors to consider include:
- Maintenance and repair responsibilities
- Whether the building meets fire and H&S regulations
- What exactly is included within the rent amount
- Rent deposit
- Permitted use of the building
- How long-term the lease is
Your Solicitor Can Help
From the initial consideration of a business lease through to signing on the dotted line, your solicitor should advise and guide you throughout the process. Taking the time to get the terms just right at the outset could help you avoid problems at a later date.
Our commercial property solicitors can help with every aspect of business leases, for both landlords and tenants, including:
- New lease negotiations
- Sub-lettings
- Break clauses
- Existing lease transfers
- Lease renewals
- Lease endings
- Rent reviews
- Rent arrears
- Commercial tax planning
Using our specialist services will ensure your business lease works for you. For advice and guidance, contact our commercial conveyancing team in our London office .
The contents of this article are for the purposes of general awareness only. They do not purport to constitute legal or professional advice. The law may have changed since this article was published. Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.
