Saracens Blog

Taking care of your commercial property – what are your obligations?

Commercial Lease Solicitor in London

When we are acting as your commercial lease solicitor in London, one of the jobs of Saracens Solicitors is to help you understand your obligations as a tenant. We often deal with large property leases and some of them can be quite complex. We want you to know what you are getting into, how the various terms will affect your business and what you can do in the event of any issues. Regardless of the size of your venture, knowledge is power when it comes to the law.

Looking for a commercial property

As every business is unique, it’s tough to find a property that is an exact fit for your vision. This means that you often have to find something that is quite close and then adjust the space. It is therefore important that you know what these adjustments will be before you take out your lease so that they can be agreed with the landlord. Not only do the alterations themselves need to be agreed, you also need to know whether you have to return the property to its original condition when you leave. Saracens Solicitors can help you anticipate future issues when we work as your commercial lease solicitor in London.

Do you need a survey?

Many people think that surveys are just for people that are buying property. At Saracens Solicitors, we recommend them for clients who are renting some kinds of business property as well when we are acting as a commercial lease solicitor in London. This is because, if you take on a property that has unseen damage which is uncovered while you are renting it, you may be responsible for making things good again.

Paperwork around the condition of your property

When you first take on a commercial lease, you may be asked to sign an inventory list detailing anything the property contains as well as the general condition. This document is then used again when you leave the property, along with any paperwork detailing authorised alterations, to check that you are leaving the space in an agreed upon state. You may receive a schedule of dilapidations listing anything that needs to be repaired before you return the property.

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

The Law Society Excellence Awards 2013 Shortlisted logo The Law Society Excellence Awards 2015 Shortlisted logo

Connect with us

Blog Archive

Browse by Date:

See results