Commercial leases can be complicated and complex as they cover many items. The use of commercial leasing solicitors can help avoid any ambiguities that may result from misunderstandings or breaching of the agreement.
Commercial lease solicitors London will help make a well-drafted lease agreement, ensuring no hidden aspects may affect the business in the future. They make sure that each party’s rights and requirements are understood and protected.
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Commercial Lease Solicitors London
Providing the Best Commercial Lease Solicitors
Ascentim Legal is a well-renowned company that provides expert commercial lease solicitors in London. Our team can assist your business with all kinds of commercial lease issues, whether it is office buildings, industrial units, or shops.
Commercial Lease
A commercial lease is a legal document in which a commercial tenant rents space from a landlord. Like other types of lease, a commercial lease gives the commercial tenant the right to use the space for any business activity. The tenant will use the area for a certain amount of time in exchange for monthly rent payments.
What Does a Commercial Lease Solicitor do?
Commercial lease solicitors in London advise both tenants and landlords negotiating commercial lease agreements. Our solicitors are experts in analysing drafting, relining and understanding the agreement.
For Tenants, Our Lawyers Will Help With the Following:
If you are considering taking on a commercial lease, our team at Ascentim Legal can help with all the matters, including:
- Minimising your risks as a tenant and expediting the lease process.
- Reviewing the commercial lease agreement thoroughly to ensure your rights are protected.
- Negotiating the pre-let agreements and aspects of the lease.
- Providing the necessary guidance to resolve any leasing matters.
- Assisting in renewing an existing lease, reviewing rent and terminating your lease.
For Landlords, Our Solicitors Will Help With the Following:
Suppose you intend to lease commercial premises such as offices, shops, storage units, workshops, factories, or restaurants to tenants. In such a situation, a commercial lease must be prepared to ensure you are appropriately covered in such a scenario. We undertake the following measures:
- Drafting your commercial lease agreement from scratch or reviewing an existing lease agreement.
- Conducting all negotiations on your behalf with tenants or their solicitors, and preparing all transaction-related legal documentation.
- Assisting you in increasing the return from leasing premises.
- Ensuring all regulations and obligations comply with the law.
- Coordinating insurance and bank guarantees.
Why is it Important to Take Legal Advice before Renting a Commercial Property?
Before signing any commercial lease agreement, it is always best to seek expert legal advice from a commercial lease solicitor. Because without a thorough lease review, you may unknowingly sign away important documents while agreeing to several responsibilities you are unaware of.
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Stuck with a legal issue? Getting expert legal advice from our top-rated lawyers enables you to make better decisions, For any queries or doubts regarding our legal services please contact us.
What Are Important Issues to Consider When Entering into a Lease?
A Commercial Lease Will Typically Include Provisions for the Following:
- Rent: The amount of rent to be paid, and the estimate which is normally calculated on the area of the premises.
- Rent Increment: Rent typically increases annually during the lease term, with increases determined by a fixed percentage.
- Security deposit: The landlords ask for some security deposit in case a tenant fails to pay their rent or causes damage to the property.
- Term of the Lease: It specifies the lease's duration as well as any renewal options and terms.
- Description of the Property: This includes bathrooms, common areas, kitchen areas, and parking spaces. A property plan is also included.
Why Makes Ascentim Legal Stand Out Among Other Companies?
- We offer a wide range of commercial lease services.
- Our team has extensive knowledge and the ability to provide legal advice on all business and commercial matters.
Frequently Asked Questions
A Commercial Lease Will Typically Include Provisions for the Following:
A. Typically, the lease deposit includes two months of rent and a security deposit.
The utility needs depend on the type of lease. For instance, the utility needs of a textile plant or a skyrise would differ. Simply put, most commercial leases are grouped into three categories:
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- A gross lease
- A net lease
- A modified lease
A. The lease terms determine it. For instance, if you have rented out a serviced office for a short period, you may be responsible for the maintenance and repair. On the other hand, if you have a full repairing and insuring lease, you are responsible for the property's external, internal and structural repair.
Our commercial lease extension solicitors in London can help you sell or mortgage a leasehold property nearing the end of its lease, or it can help you eliminate ground rent payments. They can help and guide you through each step of the process.
Unlike other traditional law firms, Ascentim Legal provides commercial lease solicitors with fixed fees; meaning you will always be aware of the total cost of your legal bill.
Want Legal Advice?
Stuck with a legal issue? Getting expert legal advice from our top-rated lawyers enables you to make better decisions, For any queries or doubts regarding our legal services please contact us.