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Commercial landlords need to ensure that lease terms preserve their rights and the value of their property whilst not being unduly onerous and hence unattractive to tenants.
When business tenants move or expand into new rental premises, or seek to renew an existing lease, they need help to secure the right balance between flexibility and certainty; between cost and control, when negotiating the granting, transfer or renewal of a commercial lease.
We work with commercial landlords of all types and with businesses seeking to lease new premises, to amend, renew or renegotiate terms of an existing lease.
We have vast experience advising on commercial leasing arrangements on a wide variety of properties from retail units to factories and office blocks as well as in-depth knowledge of the commercial property market.
As specialists in commercial property law, our solicitors know how to focus their work on the issues or clauses that are most likely to be potential pitfalls for your commercial lease, saving you time and potentially costs.
We look not just at the legal points, but help you to understand the impact of lease arrangements on your business operations. Thoughtful negotiation up front minimises the likelihood of a property dispute later. We assist in all aspects of commercial property leases including:
- Alterations to leasehold premises
- The liabilities of tenants and guarantors
- Rent Deposit arrangements
- Variations of leases
- Licences to assign and underlet
- Licences for change of use
- Rent Reviews
- Service Charges
- Dilapidations claims.
Examples of our work:
Negotiating a long lease of a working quarry and an associated asset purchase as well as complex royalty payments that enabled the ambitious expansion plans of our client.
Restructuring lease arrangements in a complex business structure by way of sale and leasebacks as part of a strategic business restructuring project.
Negotiating dilapidation terms relating to a listed retail property with both outgoing and incoming tenants undertaking responsibility for dilapidation works as part of the agreement between them for the sale of their business.
Longmores become members of ALEP
Longmores Solicitors have the pleasure in announcing their membership of the Association of Leasehold Enfranchisement Practitioners (ALEP).
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