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Commercial Leases

Commercial lease solicitors in Manchester & London

Commercial property leases are huge financial and legal commitments for both landlords and tenants that can stretch over long periods. Clearly, as both landlords and tenants have differing interests, it is best practice to have a commercial lease solicitor negotiate your position.

Whilst, both the Code for Leasing Business Premises in England and Wales 2007 and the RICS Code for Leasing Business Premises 2019 are aimed at fairness between landlords and tenants in business leases it is still vital for an experienced commercial lease lawyer to advise you through the complexities of commercial property law.

We are members of the Commercial Real Estate Association and as such our CRELA accredited commercial property solicitors have vast experience of dealing with the complex nuances of the issues that can arise during a lease transaction.

Our business lease lawyers have dealt with a wide range of leases from a shop lease, office lease, warehouse lease for individuals, SME’s and multinational companies.

Specific lease terms that need sharp attention, include:

For more information regarding on what to look out for in a commercial lease please see our BLOG or DOWNLOAD our FREE PDF GUIDE – Top 10 Tips on Commercial Leases.

At Monarch Solicitors, we offer specialist legal advice for both tenants and landlords to help ensure that your business lease is tailored to protect your personal interests.

How our Commercial Lease Solicitors can help Tenants

Location may be vital to the success or profitability of your business when considering commercial space for rent.  Once you have found the ideal commercial property and the basic terms of the lease have been negotiated, it is vital to take legal advice as to the terms and obligations the actual commercial lease contains. Failure to do so could result in severe future restrictions and financial obligations.

A commercial lease is more than just about paying rent.  As the lease is drafted by the landlord’s solicitors, it will generally be drafted to favour the landlord’s interests.  Therefore, tenants need to be aware of such provisions and should not lightly enter a contractual lease without understanding the terms and obligations set out in a commercial lease.

Whether you are a new business or an established business, at Monarch Solicitors we pride ourselves in providing attentive and a comprehensive service to advise and guide you along each step of the process to ensure commercial leases are transparent and understood by our clients so that they enter into a lease with assurance and certainty and get on with running the business.

How Our Commercial Lease Solicitors Can Help Landlords

If you are a landlord, you will want to lease your commercial property on the most robust lease terms to protect your property.

Our commercial property lawyers will assist and advise landlords at each stage, from negotiating Head’s of Term’s, drawing up a Land Registry compliant commercial lease to ensure a speedy and effortless process, with our client’s personal and business interests in mind.

To avoid delays, our commercial lease lawyers will advise commercial property landlords on how to reply to the Commercial Property Standard Enquiries (known as CPSE’s) and what information they are required to disclose, such as:

  • Commercial property insurance
  • Fire safety report
  • Gas safety certificates
  • Electrical safety certificates
  • Asbestos reports
  • Fixtures and fittings itinerary
  • Energy Performance Certificates (EPC)

During a commercial lease assignment process, our commercial property solicitors will help you undertake due diligence on the assignee, ensure the new tenant is bound by the terms of the lease and obtain a lease guarantor if required.

Additional Commercial Lease Process & Services

Once a commercial lease is completed, our commercial property solicitors, can offer continuing advice on other matters regarding managing commercial leases including:

Our specialist business lease solicitors in Manchester and London offer ongoing support in a wide range of areas regarding business leases, such as:

Price & Service Transparency

Whatever your commercial lease needs, we offer a bespoke commercial lease cost structure.  We operate a tiered fee structure based on the annual rent and lease term and the level of service you require: 

  • Level 1 – Lease Review Only
  • Level 2 – Lease Review and Negotiations

Contact Our Commercial Lease Solicitors:

Our commercial lease solicitors are ready to help you with any aspect of commercial leases. 

Please contact our Commercial Lease Team by sending an email to us at [email protected] and one of our team shall call you back. 

Alternatively, please call our commercial lease solicitors on 0330 127 8888 for a no obligation discussion. 

Monarch Solicitors are a leading law firm in the UK with commercial lease solicitors in Manchester and London serving clients nationally.

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FAQ

Most frequent questions and answers

If you purchase the leasehold of a business, you purchase the right to own the business and the fixtures and fittings for an agreed length of time at an agreed rent to occupy the premises.

Whether VAT is payable on your commercial rent depends on whether the landlord has ‘opted to tax’ for VAT purposes. If your business is VAT-registered then you will not usually incur any further costs if the landlord does opt to tax as this VAT can be reclaimed. If your business is not VAT-registered then you will not be able to offset this additional sum on top of the base rent.

FRI leases simply mean that repair and insurance obligations lie with the tenant under the terms of the lease. This means the tenant is obliged to insure the property and also handle any repairs or maintenance relating to the property in accordance with the requirements of the lease.

Contracted out leases refer to the Landlord and Tenant Act 1954. Normally, business tenants have a right to apply to the court for a new tenancy once the term of their original lease has expired. By making the lease ‘contracted out’, this means the tenant is forgoing their automatic renewal rights and are not entitled to remain in the property at the expiry of the lease (with some exceptions).

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