Commercial Lease Solicitors

Commercial leases

A commercial lease allows a business to rent a building or property to use for commercial purposes. It is a legally binding contract between landlord and tenant, and stipulates the roles, responsibilities, terms and conditions for both parties, including elements such as the amount of rent due, the length of the tenancy and various other legal requirements. A commercial lease needs to diligently outline all terms and conditions governing the occupation of commercial premises in order to protect both the lessor and lessee. 

Key inclusions for a commercial lease  

When drafting a commercial lease, there are some necessary elements that must be included for it to be legally binding. In addition, there may be a variety of individual considerations that are unique to the agreement in question. The essentials include: 

• Parties to the lease (lessor and lessee)
• The lease term and rent/payment terms/security deposit
• Specific property details 
• Permitted and restricted activities for the premises
• Repair and maintenance
• Insurance details and responsibilities 
• Subletting and assignment details 
• Termination provisions 
• Dispute resolution information 
• Key legislation (The Landlord and Tenant Act 1954). 

Depending on the specifics of the lease, you may also need to consider aspects such as Stamp Duty  Land Tax (for leases over a certain threshold) and registration at the Land Registry (for leases over seven years). 

What legal services do we offer?  

At Eric Robinson Solicitors, we can advise on all aspects of commercial leases. This includes lease negotiation and drafting, renewal and termination, rent review negotiations, dispute resolution and leasehold property acquisitions and disposals. Our trained Solicitors are adept at providing the legal advice and guidance needed to fully understand the complexities of commercial property law, meaning you can be confident that you are following the most up to date legalities and there won’t be any nasty surprises further down the line.

Why choose a Solicitor? 

It is important to have a commercial lease inspected by a trained Solicitor. This eliminates any ambiguity around roles and responsibilities and ensures that you are happy with your liabilities and are protected as a landlord or tenant. Commercial property law is complicated by nature, so in order to safeguard your business interests, utilising the expertise of a Solicitor is paramount. 

How Eric Robinson Solicitors can help

With over 60 years’ experience, our highly qualified team at Eric Robinson is perfectly placed to help you navigate the nuances of commercial leases.

To speak to us and find out more, get in touch with one of our local branches at the following locations: Southampton, Hedge End, Chandlers Ford, Winchester, Lymington, or Richmond Upon Thames.