Commercial Property/Leases
COMMERCIAL PROPERTY SOLICITORS BROMLEY – LEASE LAWYERS BROMLEY
The term commercial property conveyancing is sometimes also used to cover sale and purchase of businesses, whether shares or assets.
Bromley property solicitors & lawyers act for both Landlords and Tenants, offering experienced, speedy, cost effective, fixed fee advice on all aspects of commercial property conveyancing including, but not limited to :-
- Freehold business premises sale/purchase/remortgage
- Drafting/negotiating/advising on transfers (assignments) of existing leases
- Drafting &negotiating short term lease/licence arrangements
- Sale of business including commercial property aspects
- Extensions/renewals of business leases
- Shop leases
- Negotiating/advising on termination of leases (lease surrender)
- Possession proceedings
- Advice and negotiation on rent reviews
- Advice on dilapidation issues
- landlord & tenant disputes
- Service charge disputes & issues
Different types of business premises
It is generally important to know that the lawyer you choose has experience with the type of premises you are dealing with. An experienced commercial property specialist solicitor will generally save you time and legal costs due to streamlining. Bromley property conveyancers deal with many transactions including but not limited to :-
- Shop and retail leases generally
- Restaurant leases
- Pub leases
- Industrial units
- Office leases
- Hotels
- Cafes and sandwich bars
What to look out for with a Commercial Lease
Transactions involving a lease can be complicated and potentially legally risky, and consequently, sound advice tends to cost more than for freehold conveyancing. This is an area where “cheap can cost you dear”, as it is critical that any lawyer you instruct drafts/negotiates/reads the lease properly, and advises you thoroughly and in plain English. The types of issues which can cause problems in the short, medium or long term, include but are not limited to:-
- Appropriate length of lease/remaining terms
- Can the lease be renewed
- Requirements for personal guarantees at the beginning or on sale of lease
- Rent reviews
- Break clauses
- Repairing covenants
- Rent deposit issues
- Service charge obligations
- VAT on rent
- Planning use
- Dilapidations on expiry of lease
- Landlord consents
- General position at end of lease term
- General pre-contract enquiries regarding the property