Legal advice for business property leases
A commercial property lease represents a significant commitment on the part of both landlords and business tenants, so it pays to get the right terms in place.
Every office, retail unit or warehouse is an opportunity in the making. For landlords, it’s rental income. For potential tenants, it’s a home for their business.
Commercial Property Lease Agreements
While these interests can work in harmony, the likelihood is that at some stage they will conflict. A landlord might want to increase rent at rates which are too onerous for their tenant, or a tenant might want a break clause which their landlord feels does not offer the necessary commercial assurances.
Our commercial property lawyers work with landlords and business tenants to advise on and negotiate the right terms for them.
Typical issues dealt with by our lawyers include:
- landlord consent
- rent and rent reviews
- service charges
- assignments and sub-letting
- break clauses
- lease renewals
- recovery of possession
- personal guarantees
- responsibility for repairs
In a commercial environment, neither landlords nor tenants can afford to spend longer than necessary putting the formalities in place.
That’s why our commercial property lawyers act quickly and incisively, getting to the heart of a client’s objectives and securing the best possible terms for them for now, and well into the future.
“Nelsons Solicitors Limited’s ‘breathtakingly efficient’ practice acts for national and regional developers on a wide spectrum of strategic land acquisition, planning and development mandates in the office and retail sectors.”The Legal 500
Please contact us to discuss how our commercial property solicitors can help you.