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. In either instance, when it comes to a commercial property lease, it is vital that you obtain specialist legal advice from an experienced team of solicitors.
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How our solicitors can help with 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 that are too onerous for their tenant, or a tenant might want a break clause that their landlord feels does not offer the necessary commercial assurances.
At Nelsons, our commercial property solicitors in Derby, Leicester and Nottingham work with landlords and business tenants to advise on and negotiate the right lease terms for them.
Typical issues which we deal with include:
- Landlord consent
- Rent and rent reviews
- Service charges
- Assignments and sub-letting
- Break clauses
- Forfeiture
- Lease renewals
- Recovery of possession
- Personal guarantees
- Insurance
- 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 we 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.
Our team is also recommended by the independently-researched publication, The Legal 500, as being one of the top teams of experts in the country.