Commercial Leases Commercial Leases
At Altion Law, we understand that moving premises can be one of the most stressful times for any business. We therefore commit to ensuring we provide prompt, jargon free advice and guidance to guide you through when you need it most. We can give full advise on Commercial leases and much more.
At Altion Law we aim to work with you in a cost efficient manner, to ensure that the complications of commercial property transactions do not distract from the essential business decisions required behind the scene.
An Example
Most businesses find that a lease of commercial premises is the most financially viable way for their business. With many businesses taking on a 5 yr, 10 yr or even longer leases it is important to ensure that the property is right for your business. To ensure that it will not restrict you in your plans, either current or as your business grows and develops over the years.
Initial discussions
The landlord can be friendly and open. However many businesses find the incredibly long leases daunting. They can be full of restrictions that weren’t mentioned in any initial conversations. As no-one is able to tell what will happen in the future, you need to establish right from the outset. Whether you will be able to assign the lease, or sublet to another business moving forward. This can be the case should your business grow too big for the current premises. Alternatively perhaps, needing to reduce in size during difficult times.
Premises Full Check
It is important that the landlord’s premises is fully investigated. To ensure that you have all rights of access that you require for the business. To confirm that the landlord is able to grant you those rights. Without the fear of a third party jumping out of the woodwork. Ultimately preventing you from carrying on a right that the landlord wasn’t able to grant you in the first place. It is vitally important that the historic use of the land is checked. This is to ensure that it will not have any impact on your current, or future intended use of the premises. For which if you are tied in for many years could lead to serious ramifications for your business.
At Altion Law we are experienced in assessing and advising tenants on all aspects commercial property matters. Negotiating the best deal for your business where any issues arise.
For a confidential free discussion, call us today on 01908 414990, alternatively email us at Hello@altion-law.co.uk or complete our Free Enquiry Form and we will call you back.
