Commercial Property/Leases

GREENWICH PROPERTY LAWYERS

Commercial conveyancing

Commercial conveyancing sometimes includes sale and purchase of businesses We are specialist commercial property solicitors and lawyers for both Landlords and Tenants, providing highly experienced, speedy, cost effective, fixed fee advice on all aspects of commercial property law including, but not limited to :-

  • Freehold business premises sale/purchase/remortgage
  • Drafting/negotiating/advising on transfers (assignments) of existing leases
  • Drafting/negotiating short term lease/licence arrangements
  • Sale of assets/shares of businesses generally which typically includes commercial property aspects
  • Extensions/renewals of  leases
  • Negotiating/advising on termination of leases (lease surrender)
  • Possession proceedings
  • Advice and negotiation of rent reviews
  • landlord & tenant disputes
  • Service charge issues

An experienced commercial property specialist will generally save time and costs due to streamlining. Our commercial property lawyers deal with many types of transactions including :-

  • Shop and retail leases
  • Restaurant leases
  • Pubs
  • Industrial units
  • Office leases
  • Hotels

Issues with leases

The types of issues which can cause problems with leases in the short, medium or long term, include but are not limited to:-

  • Appropriate length of lease/remaining terms
  • Whether is rentheewable
  • Requirements for personal guarantees at the beginning or on sale of lease
  • Rent reviews
  • Break clauses (early termination)
  • Repairing covenants
  • Rent deposit
  • Service charges
  • VAT status of rent
  • Planning use for premises
  • Dilapidations clauses
  • Landlords consents for alterations

FAQs about:
Commercial Property/Leases

What issues can arise with office leases ?

Hours of use

This is an important consideration since working hours have changed considerably in recent years. It is generally therefore advisable that arrangements for out of hours use are provided for in the lease. Landlords may try to charge extra for out of hours use for heating, lighting, air conditioning, and security, so this issue should be clarified.

Parking

Parking can be a significant issue. A business may need visitor parking and security for parking.

Service Charge

With an office building, service charge for the common parts of the property may be included in the lease, which could include upkeep and maintenance, reception areas, escape routes and parking.

Break provisions in the lease

These can be unilateral (break by one party) or mutual (both parties must consent).

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