Also known as a business tenancy, a commercial lease is essentially a contract between a landlord and a tenant. It allows a tenant to occupy a property for a certain length of time, subject to certain rights and obligations that are set out in the lease.
The wording of a business tenancy is very important as it will include the terms and conditions of factors such as;
Whether you are a landlord or a tenant, it is important that you understand the details of your commercial lease and know what your rights are.
Our priority is to negotiate the best terms for you, and give you the information you need to really understand your rights and responsibilities detailed within your lease. We have experience in the factory and warehouse, office and retail sectors, and also in handling the complex procedures and negotiations which arise when lease renewals affect owners or occupiers under the Landlord & Tenant Act 1954 Part II.
We can give you the support you need, and also offer expert advice on the following:
Our team can also assist with VAT and Stamp Duty Land Tax, as well as dealing with Land Registry applications which are increasingly needed for leasehold transactions.
For more information on how we can help support you with your commercial lease, please contact one of our commercial property specialists in our Newbury, Thatcham or Maidenhead offices below.