Commercial Leasing

A lease is an asset to both the landlord and the tenant. Both parties need to ensure that it reflects their understanding of how the arrangement will work and need to consider their ongoing obligations. While standard form leases are often used, they may not suit every situation. This is clear from the number of disputes that end up in Court even though the standard form is used!

Consideration has to be given to:

  • The requirements of the Property Law Act 2007
  • Payment of rent
  • Maintenance obligations - who does what
  • Alterations to the premises
  • Rent reviews and rights of renewal
  • Assignments and sub-leases
  • Payment of legal costs for preparing the lease and for later reviews
  • Fixtures, fittings and building services
  • Termination obligations/reinstatement
  • What happens in the event of a natural disaster
  • Insurance issues.

We can:

  • advise you on the best lease for your purposes
  • advise you as to any compliance issues related to using the particular premises for your business
  • highlight pitfalls that can arise from standard term agreements
  • suggest areas for negotiation when setting the lease terms
  • draft a commercial lease agreement that will suit your specific needs

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