Our expert team of Commercial lawyers can help you from day one to ensure that leasing your commercial property runs smoothly and that all legal points are covered. When considering renting out your commercial property have you thought about the following:
- Do you know what to look out for?
Taking a lease can be a significant step for any business. Getting it wrong can be extremely expensive. We can offer advice tailored to your needs.
Here is a checklist of some of the areas you need to consider:
- Is the lease period right for you – can you get out of it or extend it if your requirements or circumstances change?
- What repairing obligations are you taking on – you could be responsible for leaving the premises in a better condition than they were when you went in.
- Who is responsible for insuring the premises? What happens if the premises burn down? Would you have to pay rent for premises you cannot use?
- Is there a service charge – how much can the landlord charge you?
- Is the rent subject to review? If so, what happens if you disagree with the landlord as to the revised rent?
- Who is responsible for rates etc?
- Are you being asked to act as guarantor?
- Are you being asked to give a rent deposit? How safe is your money if your landlord becomes insolvent?
- Can you transfer the lease to a third party or sub-let the premises? If so, on what terms?
- Can you make any alterations to the premises or can your landlord stop you?
- What happens if there is a problem with contamination? You could be responsible for pre-existing pollution.
- What happens if the planners or a statutory body (e.g. health & safety or fire officer) requires work to be done? Can you be liable?
This list covers only some of the areas where specialist advice is so important.
Getting it wrong can cost you significant sums of money. We have extensive experience of advising tenants and can guide you through the process.
For more details please contact us using the details below.