When you work with Saracens Solicitors, we help you create legal agreements that are designed to help you conduct business and enjoy beneficial partnerships with the people you want to work with. When you use us as your commercial lease solicitor in London, we also help you prepare for any potential disputes.
Why do you need a commercial lease solicitor in London?
A commercial lease helps to ensure that you are protected in the event of an issues with a property you are renting. If properly drawn up, it can prevent issues from becoming serious problems in the first place.
The earlier in the process that you involve Saracens Solicitors as your commercial lease solicitor in London, the better. We can help you craft customised agreements that meet your needs now and in the future. However, even if you already have a lease in place, we can help you leverage any terms that are contained within it towards the results you want.
The kind of parameters that can be written up in a commercial lease are:
- Who is responsible for repairs – repairs can be costly and many tenants think that their landlord takes care of any problems. With commercial leases, this is not always the case. For example, the landlord might be responsible for structural or utility-based repairs while the tenant is responsible for any internal repairs. Clarity within the lease can help to prevent unexpected costs for both parties;
- Insurance – when taking out a residential lease, the landlord is normally responsible for buildings insurance while the tenant only needs to cover contents. With commercial leases, there can be a number of other insurance types to consider such as employee liability insurance. Lack of insurance can cost huge amounts of money as well as being illegal in some cases. Getting professional advice in this area is a good way to make sure that you meet your obligations;
- Terminating the lease – conditions that will prematurely end the lease can be laid out in the terms of the original agreement. Some terms are implied by a lease such as non-payment of rent or damage to the property but others, such as subletting the property, need to be explicitly stated.