However, you now have a mountain of paperwork to complete and lots of questions in relation to the funds you will be using to facilitate your purchase. Suddenly your exciting property purchase seems far less fun and a rather daunting and laborious experience. You might be asking yourself why so many questions? For those who
Landlord and Tenant Commercial Property Leases
At Farnfields, we regularly act for landlords and tenants on a variety of commercial property leases. Such leases can be for low or high rents or be for short or long lease. We assist on leases of shops, warehouses, factories, public houses, restaurants, industrial units, offices and many more.
We are regularly involved in the preparation and negotiation of new commercial property leases. We also offer advice on existing arrangements which may need renewing, updating or terminating. Often simple licence arrangements may be more suitable than commercial leases.
Leases require a practical approach and in-depth knowledge of the law. We offer advice on many straight-forward and complex matters including:
- Repair liability
- Service charges
- Insurance provisions
- Rent reviews
- Ending tenancies and recovering possession
- Rent deposits
- Personal guarantors and authorised guarantee agreements
and much more.
There are often many ancillary documents to leases and we are well-versed in such documentation. These could include rent deposits, licences for alternations, licences to transfer a lease, personal guarantees, side letters and much more.
We can also check and advise you on whether stamp duty land tax is payable on any new lease and whether your lease requires registration at the Land Registry and then assist you on the next steps.
There is also a variety of legalisation that governs commercial leases and our in-depth knowledge means we make sure leases are sensibly drafted.
We work regularly with agents, accountants, tax advisors and other professionals to ensure any tenancy is structured according to your needs. We also have external professional connections and other experts within Farnfields who can help you on a variety of associated matters.
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