Commercial Property – Leases

Commercial Property Leases form a critical aspect of the business landscape, providing the foundation for landlord-tenant relationships and governing the rights and obligations of both parties.

Lee Gaddes specialises in commercial property leases and related legal work, offering comprehensive services to protect your interests and ensure an efficient and informed process.

Here’s how we can assist you with commercial property leases and associated legal work:

1. Lease Negotiation and Drafting:
   I understand that a well-drafted lease is essential to safeguarding your rights as a tenant or a landlord. I will negotiate lease terms on your behalf, ensuring that your interests are protected and that the lease accurately reflects your needs. I will carefully draft the lease agreement, taking into account key provisions such as rent, term, renewal options, maintenance responsibilities, and any special terms or conditions specific to your business requirements. I will use the most up to date precedent leases from our suite of documents and precedents, tailoring the lease agreement to the Heads of Terms.
2. Lease Review and Due Diligence:
   If you are entering into a new commercial lease agreement, it is crucial to have the lease thoroughly reviewed by legal professionals to ensure your rights are protected. I will conduct a comprehensive review of the lease, identifying any potential pitfalls, ambiguities, or unfavourable terms. I will provide you with clear explanations of the lease terms, enabling you to make informed decisions. Additionally, I will perform due diligence on the property and its legal history to ensure there are no hidden liabilities or encumbrances that may affect your tenancy. This will include reviewing the legal title and conducting a hazard summary report for the relevant property searches to be undertaken.
3. Lease Extensions and Renewals:
   When the term of your commercial lease approaches its expiration, I can assist you in negotiating lease extensions or renewals. I will analyse the existing lease terms, negotiate favourable conditions, and draft the necessary documentation to ensure a smooth transition into the new lease term. My remit is to protect your interests while facilitating the continued operation of your business.
4. Lease Termination and Disputes:
   In situations where lease termination becomes necessary or disputes arise between landlords and tenants, I can provide expert legal guidance. I will review the lease agreement, assess the legal options available to you, and represent your interests in negotiations or, if required, refer you to a colleague that can represent you in court. The aim is to resolve disputes efficiently and cost-effectively, minimising disruptions to your business operations.
5. Assignment and Subletting:
   Should you wish to assign your lease to a third party or sublet part of your leased premises, I can guide you through the legal requirements and complexities involved. I will review the lease terms, negotiate necessary consents, and ensure compliance with relevant laws and regulations. I will draft and advise on the Licence to Assign (Landlord consent) and the Deed of Assignment (the document to legally assign (transfer) the lease.
6. Leasehold Improvements and Alterations:
   If you plan to make improvements or alterations to the leased premises, I can advise you on the legal aspects and help you navigate the consent process. I will review lease provisions related to alterations, negotiate with the landlord, and assist with the necessary documentation to protect your rights and ensure compliance with lease obligations.
7. Rent Reviews and Rent Arrears:
   I can assist both landlords and tenants in matters related to rent reviews and rent arrears. I can advise on the legal requirements and procedures for rent reviews, negotiate on your behalf, and help resolve disputes that may arise. If you are dealing with rent arrears, I can guide you through the legal processes to recover outstanding rent or negotiate suitable solutions.

By engaging with me for your commercial property lease and related legal work, you can benefit from my in-depth knowledge of lease agreements and the intricacies of landlord-tenant relationships. I am committed to protecting your interests, providing sound legal advice, and ensuring compliance with applicable laws and regulations. My focus is to facilitate successful lease transactions and minimise risks for both landlords and tenants in the commercial property sector.