Commercial Property Solicitors

Com­mer­cial Prop­er­ty Lease Negotiation

Rent­ing a prop­er­ty for com­mer­cial pur­pos­es car­ries with it dif­fer­ences from pri­vate res­i­den­tial rentals, so it is pru­dent to seek com­mer­cial lease advice and employ a Solic­i­tor to ensure the terms of your lease are fair, legal and suit­able for your needs.

The first stage in com­mer­cial prop­er­ty lease nego­ti­a­tion is to work out whether you wish to put the lease under your com­pa­ny name or your own name. If the com­pa­ny name is a new lim­it­ed com­pa­ny some Land­lords might pre­fer you to use your own name as the com­pa­ny might be con­sid­ered unre­li­able. How­ev­er this is some­thing to con­sid­er and dis­cuss with a Land­lord and Solicitor.

Guide to a Ten­ant Leases

When you have found a prop­er­ty you like, assess whether the rent being charged is in line with local prices and real­is­tic in terms of your bud­get. Nev­er agree to a rental price with­out this knowl­edge, and if your ide­al prop­er­ty is more expen­sive than oth­ers in the area offer what you think is a rea­son­able rate and see if the Land­lord will negotiate.

Pri­or to sign­ing a com­mer­cial lease you should also find out how much is expect­ed upfront, and if pos­si­ble nego­ti­ate this. Next look at the over­all cost how much is the ser­vice charge? What will insur­ance cost? Util­i­ties? Is VAT charged and if so can you reclaim it? This will give you a much bet­ter under­stand­ing of your posi­tion and full expenses.

One of the most impor­tant things to estab­lish about your prop­er­ty is what changes you are allowed to make to it, and who is liable for repairs and improve­ments. Speak­ing to com­mer­cial lease Solic­i­tors and hav­ing them look over the con­tract and poten­tial­ly nego­ti­ate new terms is advis­able, par­tic­u­lar­ly if you need to make amend­ments to the prop­er­ty as a key part of your busi­ness plan. Find­ing out the there is a clause in the con­tract which pre­vents you or makes you liable for expen­sive repairs after you’ve signed can be a real drain on your business.

Nego­ti­at­ing a com­mer­cial lease is not nec­es­sar­i­ly prob­lem­at­ic, but you want to make sure that you are get­ting the best deal for your busi­ness and mov­ing into a prop­er­ty which is fit for pur­pose and afford­able with­in your company’s cash flow.

As expe­ri­enced com­mer­cial lease and Com­mer­cial Con­veyanc­ing Solic­i­tors JBGass can offer advice and pro­fes­sion­al exper­tise to ensure you are hap­py with your contract.

For fur­ther infor­ma­tion about Com­mer­cial Con­veyanc­ing please see our eBook.