Commercial leases are intricate legal documents. A commercial lease solicitor in London, like Saracens Solicitors, is there to help you with the complexities involved in this kind of paperwork. It is advisable to engage a solicitor as early as possible in the commercial leasing process so that they can assist you with the various decisions you need to make. Getting appropriate legal advice helps to ensure that you are getting the most out of your commercial lease.
There are some basic concepts that surround all commercial leases even though each one will be uniquely reflective of the circumstances of your business and property. When you work with a commercial lease solicitor in London, like Saracens Solicitors, they can help you to get to grips with any specific jargon and legal terms.
Agreement
A commercial lease is basically an agreement between two parties over a property. It lays out everyone’s rights and responsibilities. These are some of the general issues that might be addressed:
- Rent – amount, how often it is paid and how it will be paid;
- Upkeep – who is responsible for various repairs and costs;
- Term – how long the lease lasts and what happens when it is finished.
Breach
A breach is when one party does not appear to be following the terms of the original lease. It may be that any dispute can be solved by appropriate mediation and negotiation. If we are acting as your commercial lease solicitor in London, Saracens Solicitors can act on your behalf in circumstances like these. Similarly, if you do eventually need to go to court because of a breach of contract, we will support you and help you to build the strongest case.
Coming to the end of your lease
At the end of a commercial lease, the tenant may have the right to renew, depending on the circumstances. You can also renegotiate rent and terms at this point. If you want to come out of your lease early, this might also be possible depending on the terms of your original agreement. In all of these circumstances, Saracens solicitors can help you get the results you want when we act as your commercial lease solicitors.
