Commercial Property Leases
Tollers Commercial Property team acts for a wide variety of occupiers and landlords as part of the firm’s offering to businesses in our regions.
Our clients include retailers, leisure businesses, financial institutions, local authorities and developers.
Commercial Property Leases
When starting negotiations it is vital to ensure that leases do not have any hidden surprises for landlords or tenants. The last thing that a commercial tenant will want to find is that their lease contains an unexpectedly onerous obligation. That in itself could damage the business financially. Likewise, if a landlord discovers they are liable for a financial burden relating to the property, it may affect the value of their investment.
Commercial Leases are notoriously detailed and complex documents, and are often poorly understood. We are here to ensure clarity and certainty from the start. Every client will have its own specific needs and requirements. That is often reflected in the huge diversity of properties that we commonly have to deal with.
At Tollers we ideally would like to get involved at the heads of terms stage, where our experience can help save you significant time and limit legal costs in the long-run.
We are adept at negotiating break clauses, service charges, repair and reinstatement obligations and rent reviews. Plus, we have the expertise to deal with lease agreements and any other associated agreements, such as licences for alterations or fit-outs and rent deposit deeds.
We strive to ensure that our clients get the best possible outcomes as we go beyond the norm and look to ease the burden associated with landlord and tenant matters.
Landlord and Tenant Obligations
The obligations imposed between Landlord and Tenant can be many and Tollers will advise on the legal effect of existing lease provisions before disputes arise between parties. Potential disputes could relate to dilapidations, lease assignment (transfer) or sub-letting, implementation of service charge provisions, or a renewal of a business lease. If a dispute does arise, our property dispute team is ready to help.
Pension Property Investment Purchases
We have particular experience acting for businesses and individuals who acquire property and let it out with the help or involvement of pension schemes. This type of transaction can present very particular issues – not just in terms of financial limits on the borrowing of pension schemes, but also around the formal letting arrangements and market standard leases that pension schemes expect.
Talk to Tollers
If you would like to learn more about our expertise in Landlord and Tenant matters, please contact one of our team.