Great communication is key when it comes to business. With the right negotiating skills, you can shape a standard commercial lease into something that supports your ambitions for your business. With our skills and experience, Saracens Solicitors can help you do this when we are acting as your commercial lease solicitor in London.
There are several aspects of a commercial lease that are commonly discussed as a matter of course either at the outset or during a renewal process. We talk about some of these below. This does not mean that your flexibility is limited to these areas alone. Talk to Saracens Solicitors about your needs and we can help you see the possibilities.
Alterations
Saracens Solicitors can either address the issue of alterations when we are setting up your lease or help you negotiate terms once the lease has already started. It depends where you are in the process when you engage us as your commercial lease solicitor in London. Ideally, it’s great if we can be involved as early as possible but we are happy to help at any point.
Alterations usually require some sort of approval from your landlord. Rarely, leases allow for unlimited alterations but, even under these circumstances, it’s often advisable to at least give your landlord some notification. The scope of your latitude to alter the property is often detailed in the lease as well. If you wish to expand this, we can help you draft a request that is reasonable and persuasive.
Term extension
The term of your commercial lease will be set within the original document. There may also be guidelines as to what happens when the term expires. You may go on to a rolling contract or you may have an automatic right to renew.
When we are acting as your commercial lease solicitor in London, Saracens Solicitors can assist you with whatever needs to happen to get your lease agreement to support your plans for your venture. This might mean redrafting the terms or finding out what your rights are as a sitting tenant. We can also help with any resulting negotiations around possible rent increases or changes to the original terms.
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