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Commercial Leases

Commercial leases tend to be highly complicated, containing many different clauses and provisions to cover a wide range of potential issues. It therefore takes specialist expertise to ensure a commercial lease meets your requirements and that you fully understand all of the rights and obligations it contains.

Whether you are a commercial landlord or business tenant, having the right legal advice can make sure you get a commercial lease in place that matches your requirements, while minimising the potential for costly and time-consuming problems.

Woolsey Morris & Kennedy’s commercial property solicitors have a wealth of experience acting for both landlords and tenants in respect of commercial leases.

We can assist you with all areas of commercial leases, including:

  • Granting commercial leases
  • Signing commercial leases
  • Extending commercial leases
  • Advising on the tenant’s right to renew their tenancy
  • Assignment of a commercial lease
  • Variations of a commercial lease
  • Rent deposit deeds
  • Licence for alterations
  • Terminating commercial leases
  • Commercial lease disputes

Why WMK Solicitors is the right choice for commercial lease advice:

  • Clear advice on your rights and obligations in relation to a commercial lease
  • Firm representation for commercial landlord and tenant disputes
  • Straightforward, plain English advice on the terms of commercial lease

Speak to our commercial lease solicitors in Sidcup, the London Borough of Bexley, Kent

For expert advice on any aspect of commercial leases, please speak to a member of our team today.

Our commercial lease services

Granting commercial leases

When granting a commercial lease, landlords need to make sure every eventuality has been considered and included in the lease agreement. The lease will define your relationship with your tenant, as well as providing strong legal recourse if there are ever any disputes with the tenant, for example over rent arrears or dilapidations.

Our commercial lease solicitors will work closely with you, drawing on our expertise to make sure no detail is overlooked. Each commercial lease agreement we draft is tailored exactly to your property and your needs, so you can be confident in the protection it offers.

Signing commercial leases

As a business tenant, it is important to carefully review and fully understand the terms of a commercial lease before signing. Far too many people are caught out by a clause they did not read or that they misinterpreted, so good legal advice really is a must.

Our commercial lease solicitors can review an offered lease for you and talk through its terms in plain English, with no unnecessary legal jargon. You can then be confident you know exactly what you are signing up to and will be able to challenge any terms that you feel might cause you issues.

Extending commercial leases

If you are a commercial landlord whose tenant wishes to extend their lease, it is important to recognise that they may have the legal right to do so under the terms of the Landlord and Tenant Act 1954. However, if you do not wish to extend the lease – for example because you wish to sell the property or use it for other purposes – this can be an option.

Our commercial lease solicitors will be happy to advise you on the process for extending a commercial lease or for refusing to extend a lease as appropriate.

Advising on the tenant’s right to renew their tenancy

Under the Landlord and Tenant Act 1954, business tenants have the right to extend the contractual term of their lease. However, this is not always straightforward and there can sometimes be the need to extend a lease in a way not covered by the Act.

Our commercial lease solicitors will be happy to advise you on your right to extend a business lease and guide you through the process for doing so. We can identify any potential problem areas and find creative solutions to help you achieve a smooth commercial lease renewal wherever possible.

Assignment of a lease

Where a tenant wishes to transfer their lease to a new tenant, this can be done with the consent of the landlord. This is known as ‘assignment’ of the lease, with the old tenant passing on the lease known as the ‘assignor’ and the new tenant taking on the lease known as the ‘assignee’.

Our commercial lease solicitors can advise landlords, assignors and assignees on the process of assigning a lease. We can help to ensure all parties fully understand what they are agreeing to and their rights and obligations once the lease assignment is completed.

Variation of a commercial lease

Where there is the need to alter the terms of a commercial lease, this can be done through a process known as ‘varying the lease’. Essentially, the landlord and tenant must agree to renegotiate the terms of the lease and the new terms will be recorded in a ‘deed of variation’. Alternatively, if the parties do not agree on the need to alter a lease, either party can apply to the First-Tier Tribunal (Property Chamber) to vary the lease.

Our commercial lease solicitors can advise on your options for varying the terms of a lease, including voluntary renegotiation and applications to the First-Tier Tribunal (Property Chamber).

Rent deposit deeds

Rent deposit deeds are commonly used by landlords to provide security against the risk of the tenant breaching any terms of the lease agreement. The tenant will pay an agreed sum to the landlord which is held in a separate account and can only be accessed by the landlord under certain conditions specified in the deed.

Rent deposit deeds protect the money against abuse by the landlord and the risk of the landlord becoming insolvent, while ensuring the landlord can access the funds if there is a legitimate reason to do so.

Our commercial lease solicitors can assist with creating rent deposit deeds, as well as advising either party on their application.

Licence for alterations

Where a tenant wishes to make alterations to a property they are renting, they must seek the landlord’s consent to do so. A licence for alterations allows a landlord to grant consent, while specifying exactly what alterations can be made and any additional provisions, such as requiring the tenant to return the property to its original state at the end of their lease.

Our commercial lease solicitors can advise both landlords and tenants on licences for alterations, making sure both short and long-term considerations are accounted for.

Terminating commercial leases

If you wish to end a commercial lease – whether as a landlord or tenant – there are various options for doing so. Which approach you take will depend on the circumstances, for example whether the commercial lease has a break clause or if the reason for terminating the lease is due to a breach of the lease by the other party.

Our team can assist with ending a commercial lease in the right way for your circumstances while keeping you legally protected at all times.

Commercial lease disputes

If you are involved in a dispute about a commercial lease or want early advice on a potential dispute, our team will be happy to help. We can review the terms of your lease and advise on your legal position and options.

Wherever possible, we will seek to resolve commercial lease disputes quickly and cost-effectively through negotiation and alternative dispute resolution. This can allow you to get the outcome you need without the requirement for costly, stressful court proceedings that can be damaging to your reputation and business relationships.

See how we can help with business dispute resolution.

Our commercial lease advice fees

Hourly rates for our commercial lease solicitors

Our charges are based on a competitive hourly rate. This allows you to get exactly the level of service you require.

All costs will be agreed in advance, so you always stay in charge of your expenditure.

Get in touch with our commercial lease solicitors in Sidcup, the London Borough of Bexley, Kent

For expert advice on any aspect of commercial leases, please speak to a member of our team today.

 

  • Mark Williams
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