Commercial Leases – Tenants
Committing to a lease is a major undertaking. Whether you are a new start up business or an established trading company, you need to be fully aware of what you are letting yourself in for. We can advise whether the lease is suitable for your purposes and explain the lease obligations and key terms such as:-
- what happens at the end of the lease term
- what your options are for ending the lease early
- what your repairing obligations are
- clarifying and explaining how your service charge works
- explaining what it means for you to give a personal guarantee
We can provide you with all the facts and guidance you need to be able to make the right decisions for your business.
If you are already renting premises and are planning ahead to what happens at the end of the lease term, thinking about moving to different premises or considering selling your business as a going concern, then we can review your current lease and explain what your options are.
We can advise whether you have the right to end the lease early and if so, when and how to serve notice. We can advise what rights you have to sell (assign) the lease and make sure you are aware of your obligations for handing the property back to the Landlord – for example this might mean in good repair and condition, decorated within the last three months and with new floor coverings.
Being fully aware of your obligations will enable you to prepare properly and keep your costs to a minimum.
For more information about how we can assist please contact Elizabeth Williams on 01926 679631 or firstname.lastname@example.org
The materials appearing on this website do not constitute legal advice and are provided for general information purposes only. No warranty, whether express or implied is given in relation to such materials. We shall not be liable for any technical, editorial, typographical or other errors or omissions within the information provided on this website, nor shall we be responsible for the content of any web images or information linked to this website. Viewing this website, or contacting us does not constitute a solicitor client relationship between you and this firm.