Lease Renewals and Commercial Leases for Landlords
When it comes to renewing the lease on your commercial property, you need a professional and knowledgeable commercial property solicitor to help you get the best possible results. The Landlord and Tenant Act 1954 governs many lease renewals. This can be a complex and confusing act and our job is to put you in a strong position when renewing your commercial lease
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Renewing a Commercial Lease – For the landlord
Tenants renewing the lease
If your current tenants serve you a section 26 notice (notice to renew the lease), this could save you a great deal of time and expense finding new tenants. As a Commercial Landlord it is important to have a good relationship with the people or business in your property, and in these situations it is often wise to agree to a renewed lease. However, you need to be aware of your rights and how best to protect them.
Negotiation is normal when going through a process of renewing a commercial lease. Your tenants may ask for a reduction in rent, or ask to implement clauses in the new lease that weren’t in the original document. It is best to protect yourself and make sure you’re getting the best deal you can by speaking to a professional commercial property solicitor.
You want to find new tenants
If you’ve decided to find new tenants for your commercial property, we can help you draw up section 25 notices to serve on your current tenants. This will terminate the lease, but can sometimes cause disputes, so it’s best to make sure you do everything within the law and with the help of a professional solicitor.
You want to gain possession of your commercial property
Whether you want to redevelop or use the property yourself, we can advise on the legal process and how best to protect your position.
We will provide pragmatic, sensible and straightforward advice in relation to any aspect of lease renewals.
We offer no-nonsense, jargon-free advice. Our experienced commercial property solicitors are committed to providing an efficient and smooth service, adding value and working towards a quick conclusion.
Contact us to find out more about our commercial property conveyancing services.