Commercial Lease Advice
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 Farnworth Rose, our specialist commercial property solicitors provide expert advice on the reviewing and drafting of new leases to businesses in Lancashire and across the UK.
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, but it may also lead to excessive and unnecessary costs.
The right commercial lease advice now can save you money in the future
Often, the total cost 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.
What are the main areas covered in a commercial property 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 Farnworth Rose, 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 a commercial 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 Farnworth Rose we can prepare a commercial lease which covers all eventualities and guards against any future disputes.
Contact the commercial property experts at Farnworth Rose
At Farnworth Rose, our commercial property solicitors have the experience and expertise to help you secure the commercial lease that is best for your business.
Richard Farnworth, Director at Farnworth Rose, is a commercial property expert and has advised large companies and small businesses alike on drafting commercial leases from our offices in Nelson and Barrowford.
To talk to our experienced team about your commercial lease, call us now on 01282 695 400.
Or, you can arrange a call back at a time that suits you by completing our online contact form here.