When it comes to renewing or extending your lease on a commercial property, high-quality legal advice is an essential part of the process. The commercial property solicitors at The Sethi Partnership Solicitors have many years of experience acting on behalf of a diverse range of commercial clients to ensure that matters are dealt with as smoothly and efficiently as possible. Our objective is to reach a binding agreement on your behalf that not only meets your expectations but exceeds them. We will ensure that all stages are negotiated carefully while our skills, knowledge and attention to detail will prevent any unexpected issues from arising in the future.
We have many years of experience acting on behalf of commercial landlords, which is let and coming up for lease renewal. Our solicitors can work closely with you to make sure you are fully informed regarding the implications and obligations that come with renewing the lease on your property, avoiding costly mistakes at all times. We can advise on:
- Length of term
- Rent, rent reviews and break clauses
- Alterations and improvements
- Obligations to repair
- Assignment or sub-letting
- Authorised use of the premises
- Forfeiture of the lease
A period of negotiation is standard when it comes to renewing a commercial lease – your tenant may ask for a reduction in rent or to implement clauses that were not contained in the previous lease. We can provide support to make sure you get the best deal and to ensure that your position is protected.
If you are an existing tenant with a lease that is due for renewal our commercial property lawyers can provide you with reliable and accurate advice before you sign an extension. In many cases, the mechanism for what will happen in such circumstances will be governed by the Landlord and Tenant Act 1954, which enables you to renew your lease on similar terms with an updated rent. We have a comprehensive understanding of this legislation and can support you in negotiations with your landlord.
Contact our commercial property solicitors in Ruislip, Middlesex
At The Sethi Partnership Solicitors, our clients are at the heart of everything we do. We are an innovative and progressive law firm with a focus on quality and value for money. Our solicitors are personable and approachable and will be happy to arrange a meeting to discuss your business with us in detail. Whatever your circumstances, speak to a member of our commercial property team today.