Granting and entering into commercial leases is a complex area of law, with many pitfalls for the unsuspecting. In an increasingly litigious society, it is imperative that both landlords and tenants are fully aware of their respective rights and obligations under their leases: as expert solicitors, we carefully negotiate lease documentation so as to limit our clients’ exposure.
We act for many landlords and tenants, large and small. Many are based around the East Midlands and are able to easily access our branch offices throughout the region.
As a commercial landlord, your primary aim is to protect the value of your investment. This will initially involve finding the most suitable tenant, with a strong financial covenant. It is then for your solicitor to ensure that the lease is as water-tight as possible, so as to protect you from any potential deviation by the tenant.
We can offer invaluable advice from the very outset, helping you to agree favourable heads of terms and drawing your attention to matters which may cause you issues in the long-term.
We have a wealth of experience in acting for landlords of office, retail and industrial buildings. Our services include:
We understand that a commercial tenant will seek to secure a new lease on reasonable terms and as efficiently as possible. Key issues include repairing obligations, rent reviews and permitted dealings with the property.
If you are a new business, you may wish to negotiate a break option with the landlord, allowing you to bring the lease to an end before its contractual expiry date.
Tenants also need to be aware from the outset as to what they can and cannot do to the property, as this may affect their ability to operate their business to its maximum potential.
At Sheltons Solicitors, we are often involved at the early stages of a lease transaction, providing our tenant clients with tailored advice relevant to their business requirements and circumstances. We are on hand to assist you with:
Sheltons Solicitors have an experienced commercial property solicitors who can work with your business to ensure you get the right commercial lease for your business. Get in touch with our Commercial Property Solicitors in Bulwell and Hucknall.
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Sheltons Solicitors is a trading name of Edward Hands & Lewis Limited, a company registered in England & Wales with company number 07001422 having its registered office at City Gate House, 11 St Margaret’s Street, Leicester, LE1 3EA. The directors are Jason Hathaway, Leanne Hathaway, Andrew Robinson, Paul Stubbs and Emma Fuller. We use the word “Partner” to refer to the most senior individuals at Edward Hands & Lewis Limited and its use in connection with the business of Edward Hands & Lewis Limited should not be construed as an indication that any individual carries on business in Partnership with any other individual within the meaning of the Partnership Act 1980, or that they are personally liable to you or any other party for any acts or omissions. Individuals named as Partners owe no personal obligations to you in either contract or tort, nor does the title “Partner” mean that they have any authority to bind the firm. We are authorised and regulated by the Solicitors Regulation Authority and our registered practice number is 533589. Our VAT No. is 114080418.