For property owners, enhancing the value of an investment property is of key importance. On the flip side, for business tenants, the aim is to secure premises that fit their business without being unduly restrictive or costly.
We have considerable experience in acting for both landlords and tenants and so we are able to see the lease transactions we deal with from both sides. We can assist with all aspects of lease transactions, from agreeing Heads of Terms, to drafting and/or negotiating the form of lease, to dealing with ancillary documents, such as Side Letters, Guarantees and Rent Deposits.
We can also assisting with matters arising after a lease has been granted, such as dealing with requests for consent to transfer a lease or carry out alterations, subletting or early termination.
In the current economic climate, all too frequently we are seeing the fall out from landlords and tenants entering into documentation without advice or even proceeding with no documentation in place at all. The cost then associated with seeking to rectify the position (if it is indeed possible to do so) will far outweigh the cost of putting a proper lease in place in the first place. We would therefore always recommend taking legal advice on such matters, particularly for such a valuable asset.
Please contact the Commercial Team for more information.