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.
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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?
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"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."
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.
"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