Engaging a commercial lease solicitor in London can seem like a daunting prospect for some people. Often this is because they are worried about the cost of services.
However, it is important to realise that not hiring a commercial solicitor in London can cost you much more. At Saracens Solicitors, we are committed to being upfront with you about the likely costs of your requirements so you can budget, prepare, and let go of anxiety about hidden extras.
Set up costs
If you are setting up a commercial lease, who is responsible for the costs involved? Some are clearly your responsibility as the tenant and others are the landlords. Many, however, are negotiable and could be applied to either party. At Saracens Solicitors, we know where the flexibility lies and can seek an advantageous set of terms for you when you are acquiring a commercial lease.
Rental terms
The rental cost of a property may seem like a set cost but there is often room for movement here as well. With the right prompts, some landlords can be encouraged to offer lower rents for other benefits such as longer contracts. You can also protect yourself against sudden, unexpected increases by setting out the terms of future rent rises within your lease. This might include fixing the rent for a certain amount of time or agreeing to a cap on future increases.
Repairs
Who is responsible for the repairs to your building? This will be laid out in the terms of your lease. It’s an area where costs can spiral and you may be liable, if you are not cautious. For example, some agreements could require you to return the building in a better state of repair than it was in when you took over the lease. A commercial lease solicitor in London can provide you with the advice to help you avoid tricky pitfalls like these.
Disputes
Sometimes, even with well set out agreements, disputes will arise. Saracens Solicitors can help you negotiate an agreeable settlement or advise you on courses of legal action, should the need arise. We will support you at each stage of, what can be, a stressful process whether you are a tenant or a landlord. This might include renegotiation of terms, termination of a lease or, if necessary, eviction procedures.
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