If you are worried about the legal costs involved in setting up your commercial lease, it’s worth looking at the ways that a commercial lease solicitor in London can save you money in the long run.
Making bad decisions can cost you a lot of money. Hiring a professional firm, like Saracens Solicitors, to help you navigate the legal systems involved in your decisions can help you to avoid the pitfalls.
A commercial lease usually lays out the costs involved. These can take several forms and there is room in each one to weight the liability towards the tenant or landlord. Saracens Solicitors can help you negotiate terms that are favourable to your position, when we act as your commercial lease solicitor in London. Some areas where we can help are:
- Rental terms – these often seem to be non-negotiable but this isn’t always the case. If you are a tenant, you might be able to get a lower rental price as an incentive to take out a longer lease. As a landlord, you may be able to get more rent with the promise of refurbishment or improvements to the property. These are just a few examples of the many possibilities for negotiation that we can help you with at Saracens Solicitors;
- Repairs – the question of who is responsible for repairs is often complex. It depends on where the damage is, how it happened and other terms laid out in the lease. If it is not clear, one party can be surprised to find themselves responsible for large bills. Saracens Solicitors can ensure that you have an equitable and fair deal;
- Disputes – the best, and most cost-effective, way to deal with disputes is outside of a court setting. Saracens Solicitors can help you avoid a protracted legal battle in several ways. If we negotiate the terms of your lease, we can ensure there is as much clarity as possible. This means that, if anything arises, it should be easy to settle. As it’s not possible to predict every eventuality, there may still be occasions where disputes arise. We can then help you with pre-court mediation to help everyone come to an agreement.