When you start a relationship with Saracens Solicitors, you can expect us to be clear about our role as your commercial lease solicitor in London. You will know how we can support you and what your role in the process is. A commercial lease solicitor in London is there to guide you, as either the landlord or the tenant, through the process of a commercial lease.
When you engage Saracens Solicitors as your commercial lease solicitor in London, the first step is to instruct us to act on your behalf. Doing so includes taking details of your needs, plus carrying out some identity checks.
We will get in touch with your tenant’s solicitors in order to obtain the necessary details needed for the lease pack and draft documentation. Once we have put these together, we will send them over to you for review. You may also need to provide some information about the property such as service charges, liabilities and terms of the lease.
You can expect, at this point, that we will have a few exchanges with your tenant’s solicitors in order to get hold of all the necessary details. Once both parties have agreed on the lease, we will send it to you and the tenant for signature.
Before completing the lease, we will do a breakdown of the figures involved, such as the deposit, upfront rent, legal fees and so on. After completion, we will make sure you have all the required documentation and that any relevant transfers are complete.
If you are the tenant, you can expect us to carry out a similar role for you, as far as initial instructions and identity checks are concerned. In addition to these, we will then carry out any necessary property searches, such as local authority searches and drainage checks. We will send over the documents for you to review, and we will have pre-contract conversations with your landlord’s solicitor. We communicate with you about the costs that need paying to complete the grant of lease and those payable when the lease starts. Once both parties have agreed the lease, we will send it to you for signature. Copies will be sent to both you and your landlord.