Leases and lease renewals

This is an area where it is always worth taking knowledgeable legal advice. Leases for commercial property are often relatively complex and it is important that you fully understand the implications and obligations, in order to avoid costly mistakes.

Key areas to consider when drafting a lease:

Length of term
We’ll help you establish the approach most suitable for your business and position.

Rent, rent reviews and break clauses
We give professional advice to establish the fair rent for the premises.

Obligation to repair
It is important that the Tenant fully understands the extent of his obligation to repair.

Assignment or sub-letting
When agreeing the terms for a commercial lease, the Landlord and Tenant should consider the arrangements for assignment or sub-letting.

Alterations
Most Landlords will wish to keep total control over the structure of the building and a carefully drafted Lease should reflect this.
Improvements
A Lease should state how a Tenant’s improvements are to be reflected when the rent is reviewed.

The authorized use of the premises
The Landlord should usually ensure that the “User” provisions in a Lease prevent a Tenant from changing its use to one which attracts a lower rental value than the use the Landlord intends.

Formal notices
It is important that the Commercial Landlord or Tenant has a full understanding of the need for and the effect of the formal notices required in connection with Leases.

Forfeiture of Lease
Where necessary, Adams will assist with the repossession of a commercial property, including terminating the lease and handing control back to the Landlord.

“The Commercial Property team at Adams Solicitors has expertise and experience acting for both landlord and tenants in all aspects of commercial property leases.”