Before you sign the lease, be sure to get a commercial lease review from a Blacks Legal lawyer to carefully assess the proposed terms of your agreement. For a fixed fee, a professional property law expert will closely examine every aspect of the agreement, ensuring you are aware of all the legal obligations and potential costs contained in the lease.
We will review your commercial lease within 72 working hours for a fixed fee of £495.00 plus VAT.
We will aim to have the Summary Commercial Lease Review report to you within 3 working days of receipt of:
You will need to pay 100% of the fixed fee on account.
Review of any ancillary documents including Rent Deposit Deed, Licence for Works or Agreement for lease. Any review of these documents that you require will be subject to the following additional charges.
Yes, you do pay stamp duty – and the calculation can be trickier than with residential properties. You may also be sent a fine if you fail to pay on time.
Usually, the landlord will be responsible for paying the insurance, with tenants contributing a portion towards it depending on the amount of space they hold within a building. If you are taking the lease on an entire building, for an extended period of time, you may be named on the insurance. Your commercial lease agreement should include details of the insurance and any excess you may need to pay.
After receiving our review of your commercial lease, you will have the option to:
Any further action will not be covered by your initial fee. We will provide an estimate cost of any additional work before starting it.
If you are yet to sign a commercial lease, we can analyse the landlord’s proposed terms to ensure:
You Know Your Legal Position: We will make you aware of your legal obligations and costs under the terms of the agreement.
Your Business Growth Plans Are Catered For: Our expert property lawyer will check if the terms of your lease support your business growth ambitions or could potentially hinder them. If you have a business plan, be sure to share it with your Blacks Legal property lawyer ahead of their review.
If you ask us to review the terms of a lease you have already agreed with a landlord, we will take a close look at:
The Nature Of Your Agreement: If you no longer wish to lease your commercial premises for the proposed length of time or wish to change the way you are using the property, we will bring clarity to your legal position. We will scrutinise the terms of your agreement for possible loopholes that could benefit your business, such as, sub-letting clauses, early termination clauses and payment holiday clauses.
User Clause: We will also review your lease to see if a user clause in your agreement prevents you from diversifying your business. If such a clause exists, we will suggest ways that your business can bypass or overcome the restrictions the clause imposes. If no such clause is found, our lawyer will confirm that you are free to change the nature of the business you conduct on the commercial premises.
Whether you ask us to review a new or existing commercial lease, we will deliver a written report containing our findings and recommendations. Depending on the nature of your enquiry our review may include a summary of:
