Commercial Leases

Commercial leases are complex legal documents that govern the relationship between a landlord and a tenant for the use of a commercial property.

As specialists in commercial property law, we support both commercial landlords and tenants in drafting, reviewing, and negotiating leases.

Rent and Rent Reviews: The lease will specify the amount of rent payable, the frequency of payment, and any rent reviews that may occur during the lease term. We can advise on the different types of rent review mechanisms, such as fixed or open market rent reviews, and how they can affect the financial viability of your lease.
Term and Renewal: The lease will set out the length of the lease term, any options to renew, and the notice periods required for renewal or termination. We will advise on the pros and cons of different lease terms and renewal options, and how they can affect the value of the property.
Repair and Maintenance: These clauses will specify the obligations of the landlord and tenant in relation to repair and maintenance of the property. We will advise you on your responsibilities under the lease and any statutory obligations you may have.

Alterations and Use: The lease will include any restrictions on the tenant’s use of the property and their ability to make alterations. We are able to advise on any planning or other regulatory requirements that may apply to your proposed use of the property.
Break Clauses and Assignments: This clause allows the tenant to terminate the lease early or assign it to another party. We can help you exercise these provisions and advise on any costs or liabilities that may arise.
Dispute Resolution: Your lease should include provisions for resolving disputes between the landlord and tenant, such as arbitration or mediation. We can help you to draft the required clauses and also support you in the event that a dispute arises.

For more information on our commercial property services for commercial landlords and tenants, please contact us.