Commercial leases
If you're leasing or renting a commercial property, Tees has the expertise to make sure it works for you. We cover all aspects of leases including: tenancies, renewals, sub-letting, assignments, dilapidations and any form of lease dispute.
Commercial lease solicitors: Expert legal advice
Our skilled, experienced team of commercial property solicitors can handle everything to do with your commercial lease. Our services include:
- renting a new business property
- managing tenants
- existing leases – including renewals, assignments, sub-lettings and surrenders
- dilapidations
- service charge arrears
- development and pre-let documentation
- forfeiture
- disputes.
Expert management of major projects
We provide an ongoing service to all sorts of clients including: individuals, multi-generation family businesses, partnerships, companies and pension trustees. Here are three examples:
- local authorities, investors and developers – we manage property portfolios, including leases, licences, buying and selling, and planning
- large family firms – again, we manage every part of a portfolio, including leases, licences, subleases and surrenders
- tenants – we advise on new leases, including heads of terms, repairing obligations, permitted use, alterations, length of the term and break clauses
Expert market knowledge
Of course our legal knowledge is first-class, covering not just the legislation but also the case law. However, we also understand how the market works for retail, industrial, agricultural, office and other commercial property. This in-depth expertise means we can come up with effective and efficient solutions that work for you. You can rely on our commitment throughout the management cycle of your property and our open and friendly work ethos means you always know what’s happening and where you stand.
What to do next
If you want to find out more, speak with one of our commercial property team.
Our specialist lawyers are based in:
- Cambridgeshire: Cambridge
- Essex: Brentwood, Chelmsford, and Saffron Walden
- Hertfordshire: Bishop's Stortford and Royston
But we can help you wherever you are in England and Wales.
Commercial lease FAQ's
By producing a set of heads of terms, it helps to identify the needs of all parties to a property transaction. They highlights any issues that will determine how to structure the transaction before legal costs are incurred. If all the deal-making decisions have already been decided, they can often help to speed up the drafting process of legal documentation. Heads of terms are usually stated to be ‘subject to contract’. They are not legally binding and are only used as a way to set out the fundamental conditions of the transaction.
The Landlord and Tenant Act 1954 is very important in commercial business tenancies. In certain specified circumstances and subject to some exceptions, it gives commercial tenants the right to a lease renewal at the end of the contractual term and the ability to remain in occupation at the property. It therefore provides the tenant with security of tenure and secures business continuity. It is possible however, for a lease to be “contracted outside” the 1954 Act, meaning that the tenant will not have the right to remain in occupation or renew the lease at the end of the contractual term. Regardless of whether the lease is agreed to be granted inside or outside the 1954 Act, it is crucial for both the landlord and the tenant to seek specialist advice.
