leasing & lease advice
We regularly assist and advise on all matters related to leasing, whether you are a landlord or a tenant. Leases vary in their complexity, size and terms. We understand all aspects of leasing and will ensure that your rights and obligations are clearly understood.
A lease is a legal document governing the relationship between lessor/landlord and lessee/tenant regarding a property. If you are moving into a new premise, you’ll be required to negotiate and sign a commercial lease. Commercial leases create binding legal obligations between you and the landlord that may last for many years. As a tenant, it is important that you have an expert lawyer review your commercial lease to ensure you understand exactly what you’re committing to.
We assist with all aspects of commercial leasing including advising on, and drafting the following:
• Commercial leasing and disclosure statements
• Disclosure statements
• Heads of agreement
• Comprehensive leasing agreements and special conditions
• License Agreements
• Transfer of Leases
• Retail leases
It is important to have a lawyer with experience in leasing to review the lease for you and request changes on your behalf. Entering into a lease is, for many businesses, a big financial commitment, and a long-term one. Often leases are for a duration of 3 plus years with options to renew.
It is therefore imperative that the lease terms are reviewed carefully so that you understand your obligations under a lease. A retail and commercial leasing lawyer will help to ensure that necessary amendments are made to protect you, as there are financial penalties of not seeing the lease out to its full term.
In most circumstances, you can seek to assign the lease to a third party or sub-let part of the premises. However, this is not a guarantee as the lessor/landlord needs to consent to the assignment or sublease and in order to obtain their consent, you usually need to show that the third party is in a similar or better financial position to you. Much of your business goodwill could be attached to your premises, so it is important to protect this.
You will need to negotiate the rent and frequency of rent reviews with the landlord. Rent reviews are usually annual but you can negotiate for them to be less frequent. It is important to ensure you can afford any proposed rent increases over the period of your lease and any renewal period.
Mr Conveyancer has a knack for negotiations. We bypass the complicated legal language and explain legal terminologies to you in simple and clear English, defining to both parties their rights and obligations. We ask only the right questions to both parties and initiate healthy communication to reduce the possibility of future litigation.
Mr Conveyancer is here to offer a complete solution to meet your needs. We have a ‘can do’ attitude and understand that timely and professional attention to detail is required for the best property transaction outcome. We will help you save time and money. Click here to contact us today and explore our quality service and legal conveyancing solutions. Your property deserves the assistance, quality and skill that we offer.