COMMERCIAL LANDLORD AND TENNANT

COMMERCIAL LEASES

Whether you are a landlord or tenant a commercial lease is a big commitment and the financial implications for getting it wrong can be significant. It is therefore important that you instruct solicitors at the outset to avoid expensive mistakes later down the road. We can guide you through the whole process. We provide clear and transparent legal advice at unrivaled value for money.

Negotiating a commercial lease can be complex and unless dealt with properly can expose you to unnecessary risk and financial liability. We can assist with all aspects of the process including preparation of the lease, negotiating terms, and dealing with post completion matters.

If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat. We look forward to assisting you with your legal concerns.

BIRCH LAW. For businesses and individuals. PROBLEM SOLVERS, EXCEPTIONAL ADVICE, CLIENT FOCUSED, UNRIVALLED VALUE FOR MONEY.

HOW CAN BIRCH LAW HELP?

If you would like any further information or need advice about any dispute, please get in touch with us today. You can contact us today on 0161 669 4621 or by email on sbirchall@birchlaw.co.uk for a free no obligation chat.

  • Heads of Terms. The heads of terms are usually circulated at the outset. These record the terms of the agreement between the parties and once accepted will form the basis of the commercial lease.
  • The term of the lease. The lease should be for a defined term clearly set out at the outset.
  • Rent. The lease should clearly set out the amount of rent and when it is to be paid. The lease should also set out whether there are to be any rent review or rent-free periods.
  • Break Notices. A break clause in a commercial lease allows a party to terminate the lease early. It provides both parties with a degree of flexibility.
  • Security for tenure: It is important to consider whether the parties are to opt out of sections 24 – 28 of the Landlord and Tenant Act 1954. If sections 24 – 28 of the Landlord and Tenant Act 1954 apply the tenant will have ‘security for tenure’ and will entitled to apply for a new lease at the end of the contractual term.
  • Service Charges: Consideration should be given to a tenant’s liability for any service charges and what those charges should entail. This isn’t normally an issue when it comes to an individual unit but where you have multiple units sharing common areas the lease should clearly record who is liable for what.
  • Personal guarantees: When dealing with new businesses landlords should consider whether they want the owners of that business (or other third parties) to personally guarantee the obligations of the tenant.
  • Responsibility for repairing the property. You may assume that it is the landlord’s responsibility to deal with any major repairs as they own the property. Unfortunately, this is not always the case, and it is important to set out clearly who is responsible for what.
  • Termination. The lease should clearly set the grounds upon which the landlord can terminate or forfeit the lease.

At Birch Law we are fully aware of the expense of taking or granting a new lease of a commercial property. To assist we offer a fixed fee commercial lease service to provide certainty over fees.

For landlords we can prepare the lease and deal with any amendments for a fixed fee of £1,500 plus VAT. For tenants we will review the draft lease and deal with any amendments for a fixed fee of £1,000 plus VAT. Any additional documents, such as licenses for alterations will be billed separately.

At Birch Law we have in-depth knowledge of all aspects of commercial property law to help you achieve your business objectives. We have a breadth of experience in preparing and negotiating commercial leases, unopposed and opposed lease renewals, preparing, and negotiating licences to alter/ underlet, and advising on the termination of a commercial lease.

We adopt a professional and proactive approach in everything we do. We provide clear solutions and focused advice from a team that understands the commercial issues as well as the legal ones. We are accessible and communicate otherwise complex legal concepts in a straightforward non-technical way. For a free no obligation discussion please contact us on 0161 669 4621 or by email at sbirchall@birchlaw.co.uk.

Whichever funding route you choose, you can rest assure that our experienced solicitors will always do their utmost to keep costs as low as possible. If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat.

HOW WE CAN HELP YOU

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BOOK A TIME TO DISCUSS YOUR MATTER

Please complete our online enquiry form or contact us at sbirchall@birchlaw.co.uk for your free 30 minute consultation. You will be able to choose a time and date that works for you.

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MEET WITH ONE OF OUR ADVISORS

Meet with one of our advisors on MS Teams, Zoom, by telephone or in person. They will find out about your legal needs and discuss how best we can help you. We will set out your options and provide transparent costs information so you can make an informed decision as to how you want to proceed.

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IMPLEMENT

Once we have agreed on the correct course of action for you, we will then implement and execute your instructions.

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