Business leases give you the freedom to conduct your business in a way that works for your company while providing you with the legal protection you need should any issue arise in the future – which is why you should be considered in your approach to them and not sign a lease before first seeking professional advice from a commercial property solicitor.
Top Tips For Landlords Signing Business Leases
It’s important you are protected from any potential issues with your tenant and that you do all you can within the lease to minimise the likelihood of future problems while providing maximum legal protection for yourself should the worse happen.
As a guide, your business lease should cover the following matters:
- The length of the lease
- The rent deposit, amount and frequency
- What happens if the tenant defaults
- How the property can be re-let if needed
- Who is responsible for maintenance and repairs?
- Is a breach clause needed?
Top Tips For Tenants Signing Business Leases
As a tenant, you want the freedom and flexibility to operate your business on a day-to-day basis and to be able to run it well, whilst also having the legal protection in place should you encounter any difficulties with the premises or landlord.
As a guide, your business lease should cover the following matters:
- The length of the lease
- The rent deposit, amount and frequency
- What the rent actually includes
- Who is responsible for the upkeep of the building?
- Does the property meet all the necessary safety regulations?
- Are there restrictions on the use of the building?
How We Can Help With Business Leases
Business leases are complex, with the potential to support and enhance your business if drafted well but to potentially damage it if not. Our team of professional commercial property solicitors, headed up by Pierre Bartlett at our Nicholas Street office in Chester, works closely with clients to ensure their business leases provide the right level of legal freedom, flexibility and protection each client requires.
We can help with all aspects of business leases, from the initial consultation and negotiations stage through to helping with renewals, terminations, rent reviews and commercial tax planning.
Whether you’re a landlord or tenant, we can help – all our advice is tailored to your particular needs, circumstances and commercial interests to ensure you get the most from the lease. Our support from the outset will help ensure the terms of the lease are transparent, relevant, and just right for your business, to reduce the risk of possible issues arising in the future.
To speak to Pierre Bartlett or to one of our professional commercial property solicitors, contact us on 0800 988 3674 or email advice@bartletts.co.uk
