Commercial Leasing
Support for both landlords and tenants in commercial lease transactions.
Our experienced and knowledgeable commercial property team can assist you, your business or your pension scheme - whether as landlord or tenant - in either granting or taking a lease of shops, offices, factories, warehouses or other commercial property.
Leases are a complex area and so a Straw & Pearce commercial lease solicitor will be able to advise you on the following aspects of the transaction:
When acting for a landlord
- Liaising with your managing agent in respect of Heads of Terms
- The need for guarantors or a rent deposit
- The term of the lease
- The rent and rent reviews
- The tenant’s liability for repair and decoration of the property
- Your liability for repair of the remainder of property/building
- Your responsibility for insuring the property
- The need for service charges
- The effect of the Landlord and Tenant Act 1954 and your right to recover possession of the property at the end of the term
- The tenant’s right to assign or sublet all/parts of the property
When acting for a tenant
- The term of the lease and the benefit of break clauses
- The rent and rent reviews
- The permitted use of the property
- Your liability for repair and decoration of the property
- The landlord’s liability for repair of the remainder of property
- Your liability for the cost of insuring the property
- Your liability for service charges
- Your right to make alterations to the property
- Your right to assign/transfer the lease or sub-let all or part of the property
- Your liability for repair or reinstating the property at the end of the term
- The effect of the Landlord and Tenant Act 1954 and your right to renew the lease at the end of the term
- Liaising with your accountant and/or tax adviser regarding your your liability for Stamp Duty Land Tax (SDLT)
- The need to register the lease at the Land Registry
Related Landlord and Tenant Matters
We can also assist you with the following matters in this complicated area:
- Licences (consent) to assign/transfer, for change of use or alterations to the property
- The exercise of break clauses and surrender of leases
- The service of notices and protection of rights under the Landlord and Tenant Act 1954
If you are interested in an initial discussion with a commercial property solicitor regarding your proposed transaction or to get an indication of the likely timescales and costs involved, get in touch with a member of our team today.
Our Commercial Property Team
Jayne Tarr
SOLICITOR & HEAD OF DEPARTMENT
Nicky Ghaghda
PARALEGAL
Contact our legal experts
At Straw and Pearce, we are proud of the reputation that we have established and the friendly, professional service that we provide for our clients. We are also members of the Law Society’s Conveyancing Quality Scheme, which sets the recognised quality standard for residential conveyancing services.
Get in touch to find out how Straw & Pearce can help you.