Leases and Renewals
Commercial Property Solicitors in Birmingham & Manchester
Wildings Solicitors can assist both Landlords and Tenants in relation to Leases and renewals. The Commercial Property team at Wildings Solicitors has expertise and experience acting for both landlord and tenants in all aspects of commercial lease renewals.
Contact our Commercial Property Solicitors in Birmingham or Commercial Property Solicitors in Manchester to discuss lease renewals today. Freephone 0330 333 8797 or email us at firstname.lastname@example.org.
Whether you are a new tenant or an existing tenant whose lease is due to come to an end, it is imperative that you have a knowledgeable legal expert on hand who is able to provide you with accurate advice.
We can advise you on the implications of the if the lease is up for renewal (rather than a periodic review). In many cases the mechanism for what happens next will be governed by the Landlord and Tenant Act 1954 (unless specifically excluded). This act gives Tenants the right to a new lease on similar terms to the existing lease with an updated rent.
We can assist you if you are a landlord with a property which is let and coming up for renewal of the lease and you have received papers from the tenants seeking a renewal
Leases for commercial property are often relatively complex and it is important that you fully understand the implications and obligations, in order to avoid costly mistakes. Wildings solicitors have a wealth of experience in dealing with commercial lease renewals.
Key areas to consider when drafting a lease:
- Length of term.
- Rent, rent reviews and break clauses.
- Obligation to repair.
- Assignment or sub-letting.
- The authorized use of the premises.
- Formal notices.
- Forfeiture of Lease.