Inder Lynch Lawyers: COMMERCIAL

By: Inder Lynch Lawyers  06-Dec-2011
Keywords: Commercial Law

Our Commercial Law Team is available, with their specialist knowledge, to assist you in all facets of Commercial Law.

Commercial Leases
Our Team is experienced in acting for Landlords and Tenants of commercial premises and are able to advise clients regarding current trends of lease in terms and conditions. While the common use of "Plain English" documents makes modern leases easy to read, only experience in dealing with lease problems on a regular basis can ensure that a tenant or landlord is obtaining best value in the contract.

Commonly used lease forms are a helpful guide to what is acceptable but there are many variables, which may or may not suit both parties. A Commercial Lease can be for a long term and once signed it can be very difficult to change its terms and conditions.

It is common these days for prospective tenants to sign an Agreement to enter into a Lease. Most forms of Agreement to Lease detail all the terms which are to be included in the Deed of Lease and once that Agreement has been signed it may be too late to change the terms. We, accordingly, recommend that before signing such Agreement you seek professional advice from us so as to ensure that the terms and conditions which suit your circumstances are included.

Care should also be taken before electing not to enter into a formal Lease, whether you are a landlord or a tenant. Much of the litigation concerning commercial tenancies arises through lack of a lease or through having a poorly drafted document.

Landlords should also be made aware of responsibilities under Consumer Protection Legislation and Obligations regarding the fitness or suitability of premises for the tenant.

Specialty leases such as those relating to shops in malls can be complex and may contain traps for the unwary with many additional levys or charges payable in addition to the rent. Other aspects such as guarantees by directors, rent reviews, taxation, carpark licences and the ability to assign or sublet the lease require careful consideration.

Our Commercial Law Team at Inder Lynch keep up to date with the current trends, legislation and case law regarding lease and are available at short notice to advise both prospective landlords and tenants regarding a proposed tenancy.

Keywords: Commercial Law

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