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Business Leases

Leasing a commercial property can be essential for many businesses and provide a better financial reason than buying a property especially for start-ups who tend to not have large sums of cash or are not willing to invest in a long-term mortgage until a few years after they have been in business. Furthermore, the owner of the property you want might only want to rent it as it's in a prime location.

Our Commercial Property team has experience in drafting and negotiating commercial property leases on all types of commercial property.

Particular issues to be considered are;

Length of term – this may have implications on the stamp duty payable and registration of the lease at the Land Registry.

Rental – when payable and has consideration being given to a rent-free period?

Break Options – who can exercise these and what if any conditions are to be imposed?

Rent review - what mechanism is advisable, a market rent review or a retail prices index review, what is the frequency of review?

Repair - Lenders or investment landlords often require what is known as a FRI lease or a full repairing or insuring lease. Tenants are best advised to resist this on older buildings, where a more limited repairing obligation is advisable by reference to internal repair only or by limiting the standard of repair to a schedule of condition.

Service charge – the mechanism for determining what is payable and challenging this.

Security of tenure – is the lease to be granted with the benefit of security of tenure - that is a right to renew the lease at the end of the term or is this to be excluded?

Guarantee provisions – is there to be a guarantor? If so are the guarantee provisions to be limited at all?

If you are thinking of leasing a commercial property call our team today for expert advice

We can also help you with any of the following:

Business Leases

Call our experts to discuss your business lease

01302 341 414 0114 272 1884
Commercial Property Law Team - Taylor Bracewell Alison Turner leads our Commercial Property team dealing with small start-up to more complex established businesses ensuring your commercial property needs are fulfilled Meet the team
I should like to say Thank you to Alison and her team. Everyone has been most professional, courteous and efficient throughout. This has helped to make this transition much less stressful than expected. Therefore I would readily and happily recommend your services to others. Bawtry Enterprises opening-speachmarks closing-speachmarks
My house purchase should of been a simple one, being under modern auction conditions. Unfortunately, matters were more complex then I initially thought and the purchase dragged on. Throughout the process Kerry Maddison gave clear advise promptly, protecting my interests at all times, and her colleagues kept me constantly informed of developments until the purchase was successfully completed. As a client of Kerry's for the past 6 years, I have been very happy with the handling of every matter she has overseen on my behalf. I wouldn't consider engaging any other solicitor in both residential and commercial property deadlines. Kerry is always happy to discuss possible purchases and sales before being engaged. Mrs Lawrence opening-speachmarks closing-speachmarks
Taylor Bracewell offered a friendly and prompt service and helped me fully understand the process throughout the sale. Mr Craven, Mr Barnsdale and Mr Barnsdale. opening-speachmarks closing-speachmarks
Brilliant and professional service. Conveyancing went smoothly with no hiccups. Would recommend, and the best bit... the price Mr Lockett opening-speachmarks closing-speachmarks

Contact the
Commercial Property Team

If you are looking for legal experts to help you with your Commercial Property needs, our team will give you a call back at the earliest opportunity. Alternatively, you can call our Doncaster office on 01302 341414 or our Sheffield office on 0114 272 1884
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