Leasing Commercial Property
Specialist commercial lease solicitors
All your Commercial Property leasing services
Experts in commercial property leases
We cover all aspects of leasing property, whether you are a tenant looking to take on premises or a landlord wishes to grant a lease our team of lawyers are able to assist you through the whole process.
It is vital that the terms of the proposed occupational lease encompass the flexibility and certainty that you require in order to run your business or add value to your investment. We have strong links with local and national surveyors and valuers and add huge amounts of value when looking at strategic deals.
We also advise on lease surrenders and terminations and deal with all land registry aspects.
Our experience spans across all industry sectors and we have a diverse client base across the South West.
Our expertise
We can assist with:
Title restructuring – surrenders and regrants
Telecommunication leases and renewals
Commercial Property Management – covering all aspects of rent reviews, Licences to assign and sublet, Licences to alter and deeds of variation
Landlord and Tenant Act 1954 procedures
Property tax planning to include SDLT and VAT
Recent highlights
Grant of a short term lease of a hauliers yard as part of a wider development project – completed within two working days!
As part of a diversification scheme for a local farming client, creating a commercial hub of workshop units ready for occupation with tailored lease packs
Acting for a multi-million pound company securing leases of public conveniences from various local authorities
Acting for a national food manufacturer in securing premises for future expansion
Testimonials
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Your commercial lease questions answered
This varies depending on the type of lease, but as a general guide, the following are usually contained within a good commercial lease:
- Details of the parties to the lease;
- Details of the property being let;
- The term of the lease and whether there are any break clauses;
- The amount of rent payable and when, also whether there are any rent reviews;
- The business use of the property;
- Details of the tenant’s repairing and decorating obligations;
- Whether the lease is a ‘protected tenancy’ under the Landlord and Tenant Act 1954;
- How the property can be dealt with- this usually covers assignment and underletting; and
- Requirements of landlord’s consent for any alterations.
A commercial lease is used by a tenant who is using the leased space for a business purpose. If someone is leasing a property solely to live in, then this will usually be classified as residential.
A guarantor or surety is someone that agrees to step into the shoes of a defaulting tenant. They can be required to guarantee in relation to rental payments, but often in commercial leases their guaranteeing obligations are much broader and also extend to all tenant covenants.
There is a specific procure which must be followed in order for a tenant of a new lease not to be entitled to a new lease at the end of the term.
Once the lease is in an agreed form, the Landlord’s solicitor must issue a formal Notice which informs the tenant that the lease is not protected by the 1954 Act. The Tenant can then either wait the necessary 14 days from the date the Notice was served when signing a Simple Declaration before completing on the lease. Alternatively, an independent solicitor (not the solicitor acting for the tenant) may swear the oath for the Statutory Declaration. A Statutory Declaration means the parties do not need to wait the necessary 14 days before entering into the lease and can be useful when time is crucial.
As a Landlord it is particularly important to make sure that if you do not want the tenant to be entitled to a new lease at the end of the term, the correct procedure is followed else the 1954 Act will apply. Please get in touch with our Commercial Property team to discuss this further and answer any queries you have.
Why should you instruct
Goughs Solicitors?
Knowledge
We draw from a wide range of disciplines to support you in keeping your business moving forward.
Heritage
Goughs have been providing legal services to businesses across the south west since 1882.
Experience
We deal with a wide variety of commercial property matters so have the expertise to ensure all your needs are dealt with by one team.
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