For instance from a tenants point of view a long lease may create certain rights of renewal for a tenant however such a lease is generally fully repairing and insuring. These leases can contain extremely onerous clauses if not carefully negotiated on behalf of a tenant. From a landlords point of view the benefit of such a long lease must also be weighed against the granting of renewal rights and also against important VAT considerations. Therefore it is essential that both a landlord and tenant obtain specialise and expert advice before entering a commercial lease.
If you are contemplating leasing a property or purchasing a property which you intend to rent on a commercial basis please contact us for specialist advice on all areas of Landlord & Tenant Law including:
Long term leases
Short term leases
Licences to assign/ sublease/ alterations
Landlord & tenant disputes
Clients include retailers, private individuals and investors, institutional investors, financial institutions, landlords and businesses.