01282 695 400

Advising on new Leases

The drafting and approving of new leases can be a complicated yet often overlooked area of commercial conveyancing. It is vital for both landlords and tenants to seek expert legal advice before committing to a new lease.

Here at Commercial Matters, our specialist solicitors provide expert advice on the reviewing and drafting of new leases.

We regularly hear of horror stories where a business or an individual has entered into a lease without taking any or proper legal advice.

Not only can this lead to businesses occupying premises on terms which are detrimental to them, it may lead to excessive and unnecessary costs.

The right legal advice now can save you money in the future

Often, the total costs of entering into a lease is misunderstood. For example, if you’re entering into a 5 year lease at an annual rate of £25,000, you’ll be signing a £125,000 contract. Surely you should be taking proper legal advice before committing yourself?

A properly drafted lease can protect your business both now and in the future. Our dedicated commercial conveyancing team are here to ensure that any lease you sign fits the needs of your business.

Advising on new Leases FAQ

What are the main areas covered in a lease?

Some of the most common areas covered in a commercial lease include:

  • Length of the lease
  • Rent and other payments
  • Service charges
  • Repairs and decorations
  • Alterations to the property
  • Use of the property

At Commercial Matters, we can ensure your needs are met and protected in the event of a dispute at a later date.

What are my rights when renewing an existing lease?

In most cases, a tenant will normally have a right to renew their lease upon expiry. Unless the tenant is in breach of the obligations in the lease, there are very limited grounds on which a landlord can oppose the renewal.

We would always advise seeking advice from our specialist solicitors when renewing an existing lease. We can provide all the assistance you need to ensure your lease renewal runs smoothly.

Should break clauses be included in the lease?

A break clause is an option for either the landlord or tenant (or both) to end the lease before the end of the term.

If you’re starting a new venture, you may want to end the lease early if your business is successful and requires larger premises. On the other hand, you may want the flexibility to end the lease early if things aren’t going to plan.

At Commercial Matters we can prepare a commercial lease which covers all eventualities and guards against any future disputes.

Discuss your circumstances with a specialist solicitor by calling us on 01282 695 400, or simply complete our easy contact form to book your free initial consultation.

Jayne Dewhurst – Padiham Group Practice

The service we received was first class, our business needs were fully met and we would highly recommend the services provided to anyone considering using Commercial Matters for their commercial conveyancing requirements.

Book your free consultation

Contact us to discuss the circumstances of your matter and we will provide a clear-cut quote based on your individual needs. Start the process today by booking your free initial consultation.

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