Acquiring or disposing of commercial property can be one of the most important commercial decisions.
We do all the work required and our aim is to make the process run as smoothly and easily as possible.
There are two types of commercial lease.
Secured At the end of the term, the tenant has the right to call for a new lease under the Landlord & Tenant Act 1954. These are currently the most predominant.
Unsecured At the end of the term, the tenant has no right to call for lease renewal; the decision to grant a new lease is the landlords or freeholders.
Acting for the landlord/freeholder (lessor) of commercial premises in granting a lease
We discuss and advise on the terms upon which you are willing to let
Draft the lease to protect you and your property investment
Consider and draft rent deposit deed if required
Conduct negotiations on the terms of the lease with the tenant’s solicitor
Liaise with you to answer any of their enquiries
Check your title to the property for any restriction and rights that need to be taken into account in the lease
Complete the lease and any rent deposit deed
Acting for the tenant (lessee) taking a lease
Receive the draft lease and any rent deposit deed and check they accord with the terms agreed by you
Make enquiries of the landlord's solicitors
Make all necessary searches
Conduct negotiations on the terms of the lease with the landlord's solicitors
Complete the lease and rent deposit deed
Complete Inland Revenue forms and pay stamp duty land tax (if any) and register your lease at the Land Registry (if necessary)
We also advise and assist in connection with:
Licences to assign
Licences to carry out alterations
Lease renewals
Authorised guarantee agreements (AGA)
Property Development
We act for a number of local developers and are able to give advice and assistance in property development matters to both owners and developers.
We can give advice and assistance in:
Site negotiation agreements such as options and condition contracts
Preparation of purchase and sale contracts and setting up of estates
On the sale and purchase of individual development plots through to a large estate
Matters of Interest
Registration of Lease
Stamp Duty
Authorised Guarantee Agreement (AGA)
We advise and assist throughout the whole process in connection with the sale and purchase of freehold commercial premises.
We also advise and assist in connection with the acquisition and disposal of leasehold commercial premises.
Our commercial property department gives speedy and practical advice on the following:
Commercial leases including the grant of a new lease and assignment of existing lease
