A commercial lease is a contract made between a landlord and a business tenant. It grants a tenant the right to use a property for commercial or business purposes for a set period of time and details how much rent a tenant must pay to the landlord. The agreement also sets out any other rights and responsibilities of both the landlord and the tenant during this time. Our commercial property lawyers at Berlad Graham LLP have extensive experience of working with both landlords and tenants on leases for a wide range of property types and can assist with the negotiation and drafting of all sorts of commercial leases.
Typically, a commercial lease will include:
- The type of property being let.
- The address of the property.
- The length of the tenancy and whether it is a fixed term or it can be renewed periodically.
- The amount of rent charged and when it will be paid.
- Which types of business can be carried out in the property.
- Who is responsible for any leasehold improvements.
- What the provisions are of the security deposit.
If you own a commercial property and need to draft a lease for your tenants, please get in touch with Berlad Graham LLP today. We will discuss your particular requirements and ensure that any contract drawn up protects your interests.
To speak to one of our professional team, please call 0330 175 5655 or email info@bglaw.co.uk
