COMMERCIAL                                     

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How We Can Help

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We can assist with:

• purchases and sales of commercial property;

• new commercial leases;

• lease assignments;

• lease renewals;

• licences to assign or underlet;

• deeds of variation;

• rent deposit deeds;

• property aspects of business sales and purchases;

• due diligence on title, planning, access and use;

• review of service charge and repair obligations;

• advice on rent review and break clauses; and

• post-completion registration requirements.

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Commercial Leases

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A commercial lease sets out the rights and obligations of the landlord and tenant. We can explain the main terms and advise on issues such as:

• length of the lease;

• rent and rent review provisions;

• repair obligations;

• service charges;

• permitted use of the property;

• alterations;

• assignment and underletting;

• break clauses;

• security of tenure under the Landlord and Tenant Act 1954; and

• obligations at the end of the lease.

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Buying or Selling Commercial Property

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For purchases and sales, we can assist with:

• reviewing or preparing contract papers;

• investigating title;

• raising or replying to enquiries;

• reviewing searches;

• advising on planning, rights of way and restrictions;

• dealing with lender requirements, where applicable;

• exchange and completion;

• Stamp Duty Land Tax, where applicable; and

• registration at HM Land Registry.

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Business Transactions and Related Advice

Commercial property issues often arise as part of a wider business transaction, such as a business sale, business purchase or reorganisation.

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Where needed, we can work with colleagues who advise on:

• business acquisitions and disposals;

• asset purchase agreements;

• share purchase agreements;

• employment issues connected with a transfer; and

• TUPE, where it applies.

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Timescales

Timescales vary depending on the type and complexity of the transaction, the parties involved, lender requirements and the speed at which information is provided.

Some straightforward commercial property matters may complete within a few weeks. More complex transactions, or those involving lenders, planning issues, lease negotiations or business sale documents, may take longer. We will discuss likely timescales with you at the start and update you as the matter progresses.

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Our Approach

At the outset, we will:

• discuss the transaction and your objectives;

• identify the documents and information required;

• explain the main legal steps;

• highlight any key risks or issues that arise;

• advise on any negotiation points;

• provide clear information about costs before work begins; and

• keep you updated throughout the matter.

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