Property law
COMMERCIAL leasing
Legal advice for landlords and tenants on commercial leases, including negotiation, renewal, assignment, termination and related property matters.
When should you seek legal advice?
You should consider involving a solicitor before agreeing heads of terms or signing any lease documentation. Early advice can help identify issues relating to rent, term, break options, repairing obligations, service charges, assignment, guarantees and other key commercial terms.
What should you do now?
Gather the proposed heads of terms, property details and any draft lease documentation. Make a clear note of the agreed rent, lease term, break options, repair obligations, service charges and any intended works or alterations to the property.
documents that may be useful
- Heads of terms
- Draft lease
- Property details
- Existing lease, if relevant
- Service charge information
- Repair or condition reports
- Planning or permitted-use information
- Company or tenant details
- Proposed commencement date
How o'Regan little solicitors llp can help
O’Regan Little Solicitors LLP can advise on the negotiation and drafting of commercial leases, review key lease obligations, deal with renewals, assignments, licences and termination issues, and advise landlords and tenants on disputes or other matters arising during the lease.
Frequently asked questions
When should I instruct a solicitor on a commercial lease?
Ideally, you should involve a solicitor before heads of terms are finalised so that important legal and commercial points can be identified before the lease is negotiated.
What terms should I pay particular attention to in a commercial lease?
Due diligence can include review of title, planning, leases, rights affecting the property, compliance documentation, financing arrangements and other matters relevant to the proposed transaction.
What documents should I bring to an initial consultation?
Bring or send the heads of terms, draft lease if available, property details, service charge information, any existing lease, company details and information about the proposed commencement date.
Negotiating a Commercial Lease?
Speak with O’Regan Little about the lease terms, property and the proposed commencement date.