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Need to know legals for your commercial property lease


Commercial leases explained
For many businesses, the most crucial legal documents relate to the leases on properties crucial to their trading.   Get the wrong lease in place and your long term liability and therefore, risk profile, goes up considerably.

Issues often arise if parties (in particular the tenant) does not understand what they’re committing too – issues like rent reviews, dilapidations, assignment rights are all crucial to get right and to understand the implications of not doing so.

Getting a cost effective lawyer on board is a must.

 

"LawyerFair are fantastic, they found me 3 quotes from three firms. All the firms were communicative and helpful. I went with the middle quote and company and cannot rate them highly enough. I will be back to LawyerFair again for our next commercial property venture, and indeed for any area I might need legal advice."
- Martin Jenkins, Feet Plus

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Key Questions?

Some of the key questions that require answering …

 

What are heads of terms?  Are they legally binding?

What is a covenant?

What are dilapidations and how can you minimize your risk of a large cost when leaving the property?

What is a rent review?

After signing a lease, how and when can you terminate one?

How long does it take to complete a commercial property lease?

What consent do you require when leaving the property and/or selling your business?

 

 

Business Owners Love LawyerFair

"Excellent service: fast and efficient as well as personal and attuned to our needs. Presented my case on Saturday night and had, by Tuesday, been given comprehensive legal advice as well as clear step-by-step instructions as to how to proceed, empowering me to have a go at solving the situation personally. And it is not just for businesses, as mine was a personal situation. Highly recommend it!"

Ines Aguas, Commercial Property Enquiry
Overall Rating
5 Stars

"Great! What else can I say. Made an enquiry, got a call back almost immediately, they asked me a few questions, I answered and I received proposals the next working day. Very impressed, I will use Lawyer Fair again and would be happy to recommend them to others."

Steve Darnell, Irun Systems LTD
Overall Rating
5 Stars

Further Information

 

Commercial property leases are probably the number one source of enquiry to the LawyerFair platform.   The good news is that we can introduce you to legal experts who can help answer all of these questions and more … because of our competitive tender process, we’ll also help you get best price.

Our service is free, so get in touch for more information.

 

Meet one of our commercial property experts

John Cook Avatar

John Cook

"How do you choose a good lawyer? I needed a Commercial Property lawyer in short order and couldn't get a name from my contacts. Andrew at LawyerFair quickly understood the quirks of my case and found a small range of firms to quote. I am in the middle of the purchase now and am confident enough to divert my attention and write this review! My lawyer has been on the ball, understanding, and at the right price. "

Robert Cornicam
Posted on 17th July 2015

Companies & Organisations We’ve Worked With

Cavendish Enterprise Criterion Capital Croner Desktop Genetics Dymag Inspiring Business iVista Law Express National Enterprise Network Paradox Prius Partner Rabble Run a Good Warwicks

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