Commercial Property/Leases
COVENTRY COMMERCIAL PROPERTY & LEASE ADVICE
Our commercial property solicitors advise both Landlords and Tenants on all aspects of commercial property law including, but not limited to :-
- Drafting/negotiating/advising on transfers (assignments) of existing leases
- Drafting/negotiating short term lease/licence arrangements
- Sale of assets/shares of businesses generally which typically includes commercial property aspects
- Extensions/renewals of existing leases
- Negotiating/advising on termination of leases (lease surrender)
- Possession proceedings
- Advice and negotiation on rent reviews
- Advising on dilapidation issues and litigation
- Service charge issues
Shop lease, office lease, industrial unit lease
Bearing in mind there are many different types of commercial conveyancing and commercial property issues as described above, in order to choose the right lawyer, it is generally important to know that the lawyer you choose has experience with the type of premises you are dealing with. An experienced commercial property specialist will generally save you time and legal costs due to streamlining. Our commercial property conveyancers in Coventrydeal with many transactions including but not limited to :-
- Shop lease
- Restaurants
- Pubs
- Industrial units
- Office lease
- Hotels
Lease transactions
As a general rule, any transaction involving a lease is more complicated and potentially legally risky, and consequently, sound advice tends to cost more than for freehold conveyancing. This is an area where “cheap can cost you dear”, as it is critical that any lawyer you instruct drafts/negotiates/reads the lease properly, and advises you thoroughly and in plain English. Experienced lawyers know what they are looking for and have precedents and procedures in place to save time and money. The types of issues which can cause problems in the short, medium or long term, include but are not limited to:-
- Appropriate length of lease/remaining terms
- Can the lease be renewed
- Requirements for personal guarantees at the beginning or on sale of lease
- Rent reviews
- Break clauses
- Repairing covenants
- Rent deposits
- Service charges
- VAT status
- Planning uses
- Dilapidations clauses
- Landlords consents
- General position at end of lease term
- General pre-contract enquiries regarding the property