Many other important aspects of leasing can benefit from sound legal advice, including rent reviews, service charges, assignment, subletting and the termination of the lease. Providing appropriate notice and understanding the conditions to lease early are crucial elements to consider.
We work with commercial landlords and commercial tenants to help meet your specific needs, and our legal services and guidance can help provide security and clarity for your leasing agreement. We always ensure that commercial property solicitor fees are fair. Our commercial lease lawyers are dedicated to assisting commercial tenants with their leasing needs.
Before completion and signing of a lease, missives must be concluded for the lease agreements, which are constituted by an offer, an acceptance and any letters to agree on the terms of the lease.
There is no entry to the premises without signed missives. A fair and reasonable landlord will ensure that the commercial premises are ready for occupation. The offer will usually contain a number of clauses and conditions, which can vary depending on the property and the wishes of the tenant and the landlord, including terms related to an insuring lease and insurance costs. Once all clauses are agreed upon, a binding contract exists and neither party can back out unless both parties agree. Additionally, understanding buildings transaction tax and having rent deposit agreements in place are essential steps.
Our experience across various popular commercial sectors means we can provide expert insight into your lease agreement. By ensuring your lease is legally sound you can help protect your own best interests and prevent any unnecessary headaches or expenses in the future.
Of course, if you decide that commercial leasing isn’t right for you, and decide to buy premises, our team can help. Find out more about commercial purchases and sales in Scotland.
Contact our residential and commercial property lawyers today.