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.
If you are looking for advice and guidance on commercial property leases and want to discuss your next steps, please call Berlad Graham LLP today on 0330 175 5655.
Commercial Lease Lawyer Near Me
Commercial property leases differ from residential property leases in a number of ways. Commercial leases concern spaces that are used for business purposes and generally prohibit the use of the property as a living space, whereas residential leases relate to spaces where people live and, conversely, usually prohibit the use of the space for commercial activities.
Commercial leases typically tend to be for around three to five years in length and generally dictate that a tenant is responsible for maintenance and repairs of the building or commercial space.
A commercial lease is a large financial commitment for landlords and tenants alike, and considerable care must be taken in the drafting and negotiating of any contract.
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 firstname.lastname@example.org.
Commercial Leasehold Advice
Taking out a commercial lease as a tenant is a significant step, and Berlad Graham LLP are also able to advise tenants on the merits of any commercial leases and assist in the negotiations. There are several different types of commercial leases available.
Any tenants that are considering taking out a commercial lease need to ensure that they select the correct type of commercial lease for their business circumstances and one that is appropriate for the business space.
Green leases are also gaining in popularity in recent years to support the real estate sector’s decarbonisation drive. These types of leases contain a series of additional provisions that impose an obligation on the landlord and tenant to manage and reduce the environmental impact of a property.
If you are a landlord or a tenant and need some advice on a commercial property lease, please get in touch with us today. Our team of experienced commercial property lawyers at Berlad Graham LLP will be able to guide you through all aspects of a commercial property lease negotiation to find an agreement that meets your commercial and practical needs.
Commercial Property Solicitors Uxbridge
To speak to our friendly, experienced, professional commercial property lawyers in Uxbridge today, please call 0330 175 5655 or email email@example.com.