Lease for commercial property

What is a commercial lease? Can I end a commercial lease? Can a landlord terminate a lease agreement? A commercial lease is a legally binding contract made between a landlord and a business tenant. The lease gives a tenant the right to use certain property for a business or commercial activity for a period of time in exchange for money paid to the landlord.

We list all commercial property types and land including offices, retail, leisure, hospitality, industrial and warehousing.

The agent receives a commission which is calculated as a percentage of the total commercial property sale price or lease value. This can be anywhere from to – taking a huge chunk from your cash fund. Solicitor fees – solicitors usually carry out conveyancing for a fixed fee. For an informal chat and more information contact David e. However, if you are unsure of how to end or renew a business lease then this simple commercial property guide will help steer you through the process – and in the easiest possible way. It will also outline why certain procedures need to be followe and offers a quick run-down of tenants’ rights and responsibilities as far as commercial property and business leases go.

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A commercial property lease usually continues until its end date unless you include a clause to end it earlier. When you move out, you may have to pay for certain repairs , or return the property to the state it was in when you first rented it. The repairs you’ll need to make are called ‘dilapidations ’ and. Registered Lease Copies for All Lease hold Properties. Official Copies from Land Registry.

Electronic PDF Documents. Cloud Storage of Documents. Your commercial lease: Key clauses to look out for Lease length.

When signing a lease, you will, of course, need to be aware of how long it’s intended to last for. Payment conditions. Importantly, you’ll need to make sure you have a thorough understanding of all the conditions of.

Some conditions within a lease are obvious – you would expect there to be information about rent and how it is paid. Sometimes the lease sets out the specific notice fee, but more often than not the lease merely sets out a minimum fee. If you are a business owner or property manager and rent commercial property for your business in the UK then you should understand how business leases operate, especially what is involved in renewing a business lease or if you no longer need the property , how to end a business lease.

If you have any questions about entering into an agreement for lease , or would like someone to help you through the process, please get in touch with our expert commercial property solicitors. This means the lease has to be committed to writing and the document must specify all express terms of the arrangement and it must be signed by both the landlord and the tenant. The powers of a commercial landlord to deal with non-payment of rent are far-reaching. Commercial Property - Another downloadable template of a legal document.

Forfeiture is the procedure by which a landlord can terminate a lease and virtually all commercial leases will have a clause allowing the landlord to terminate the lease if the rent is unpaid for a specified number of days, usually somewhere between -28.