Most businesses need a place to run out of. You can include retail stores, workplaces, workshops, factories, or storage facilities. Some businesses own the buildings where they are located, but most rent space and pay the market rent. But with a commercial lease, you have to do a lot more than just pay rent. Whether you’re a landlord or a tenant, if you hire us as your commercial lease solicitor, we’ll do everything we can to get you the best deal at the lowest cost.
Along with the rent that is due, commercial leases and agreements often have pages of specific clauses that all apply to the Tenant named in the lease.
The lease, which is often biased in favour of the landlord, can put tenants in a lot of hard-to-meet obligations, some of which might not be fair. In addition to the Lease itself, property law has a big effect on how the Tenant uses the property. So, tenants should talk to a lawyer before signing a Lease so they can fully understand their rights and responsibilities.
After taking the lease, problems are found
An experienced lawyer will do legal research on the property, which will show a lot of things about it, such as whether or not the Landlord has the right to give the lease. Searches will also show if the property has any rights that could be bad for it or good for it. Commercial lease solicitors can do a number of inquiries and searches to find out about things like planning permissions for the land, whether or not the property is connected to main utilities, and a lot more.
What can go wrong if you try to sign a lease without consulting a lawyer?
Tenants who don’t have a lawyer usually sign a lease before they know what all of their responsibilities are. If a tenant doesn’t know what to do about repairs, for example, they may have to pay to fix up the property to make it better than it was when the lease started. Before signing a lease, tenants should know what their rights are, because at the end of the lease, the landlord may file expensive dilapidation claims.
The length of the lease is also taken into account. As the lease doesn’t follow the Landlord and Tenant Act of 1954, the tenant may have to leave the property at the end of the lease term and won’t be able to sign a new one. If a tenant is doing expensive renovations, they might want the option to sign a new lease at the end of the term. If this is the case, the tenant will need to think about or negotiate some protections to make sure they don’t have to move out after the first five years.
United Solicitors in Manchester has a group of commercial property lawyers who know what they are doing. Call 0161-225-8181 right away to talk to a member of our commercial property team at United Solicitors. You can also send an email to [email protected], which is the email address of the head of our commercial property department.