Whether you are a landlord seeking to protect your property interests, or a tenant navigating the terms of a commercial lease agreement, our experienced team of commercial solicitors at Blacks Legal are here to provide dedicated support.
A commercial lease is simply a tenancy agreement for a business premises. There are several similar factors to a residential contract, specifically; there will need to be a tenant and a landlord, and once signed it’s a legally binding contract. This is often referred to as the ‘Heads of Terms’ agreement. It is also advised to work with a surveyor or property agent alongside a solicitor to gather an overview of the property condition before proceeding as you may be liable for any repairs.
Blacks Legal supports with negotiating lease terms before drafting comprehensive and legally sound commercial lease agreements.
We can assist with any initial queries about maintenance, and outline who will carry out the repairs prior to the agreement being signed.
Our commercial lease solicitors provide guidance on rent reviews and how both parties can best approach this. Our lease management team can also help with any arrears or disputes that may arise during the tenancy. Read more about this service here.
Staying compliant with evolving legal regulations is essential. Blacks Legal will verify that both tenants and landlords are aware of any recent changes in legislation that may impact their commercial lease agreements, ensuring legal adherence throughout the contract length.
We help to provide transparency on the various types of insurance and the obligations of both tenants and landlords to fulfil these requirements.
We will help to outline a clear and concise set of guidelines as to how the property will be used, to avoid any misinterpretation or confusion on either side.
Your solicitor will discuss the details of any searches that need to be carried out. In terms of CPSEs – the landlord’s solicitors will provide you with these, they could include:
