Legal Advice for buyers or sellers, a landlord or a tenant or a commercial developer. Our commercial property lawyers will ensure you are in control during the entire process whether you are a buyer or a seller, a landlord or a tenant or a commercial developer.
Send us a confidential message. Our initial call is always a no-obligation consultation.
At Wildings Solicitors, we offer comprehensive guidance on a wide range of commercial properties. Our expertise covers an extensive spectrum, including high-street retail stores, commercial warehouses, individual office spaces, managed property blocks, restaurants, pubs, development sites, sports facilities, and agricultural land. Our diverse clientele spans from sole trader shops to well-established charity chains.
We work with property developers, businesses, entrepreneurs, retailers and companies of all sizes.
We are able to advise landlords and new incoming tenants on lease negotiations and the buying or selling of commercial property. It is a well-known fact that landlords or tenants need solicitors with good communication skills to be able to assist their client in granting, renewing, subletting, assigning of leases. Our expert solicitors, who have broad knowledge of such areas of work, would be able to assist.
We are able to deal with the following with ease:
In our opinion, a commercial property solicitor is a must when entering into new agreements or taking over a business, purchasing a commercial property, and/or taking over a lease. Such agreements can be complicated and can contain hidden clauses which can cause significant problems in the future. At Wildings Solicitors, we will ensure that the particular agreement is in your best interests and also has a marketable title so when you come to sell, there are no hidden surprises. One needs to appreciate that the relevant rights and responsibilities must be within the legal documents concerning the interest which you are acquiring.
There should also be regard to wider concerns such as planning, use certificates, building regulation consents. Too many times we have had clients come to us who have secured commercial property with an intended use, for example to use as a takeaway/restaurant but due to local authority constraints, this has not been possible. Regard must also be given to exit strategies of the lease, responsibilities for the building and certain repair and maintenance obligations. At Wildings Solicitors, we therefore have regard to such important factors and ensure our clients are made aware throughout the legal process.
Landlords are always approached by potential tenants to take a lease over the property, maybe to carry out some form of business at the premises. At Wildings Solicitors, we act for many commercial property landlords and this exercise requires expertise and experience. As a landlord, you need to make sure that the lease which is being granted provides protection to you as an owner and further that the activities that are proposed to be done on the premises are not against the law and comply with local authority rules and regulations. We always ensure that responsibilities of both parties, whether this be landlord or tenant, are made clear so that there are no misunderstandings and both parties clearly know their respective duties.
At Wildings Solicitors, we have a large portfolio of business tenants who are taking a new lease on a commercial property or maybe taking over the running of an established business. It is very important for such clients that the lease document is carefully considered. Many landlords place onerous restrictions in leases which you may not be told of by the selling agents and therefore it is of crucial importance to understand the lease which you are entering into with the landlord. Landlords tend to be nervous of new incoming tenants and there must be a balance of interests between both landlord and tenant.
Our team give our clients practical advice and jargon-free explanations of any complex procedures or legislation. Contact our offices for your initial consultation with a specialist today. Freephone 0330 333 8797, request a callback or email us at info@wildings-solicitors.co.uk.
Wildings solicitors can easily help with this process. We have a dedicated commercial property department which deals with such transactions. We have a set up which will allow any respective clients to come into our offices and speak to their dedicated case handler to discuss any concerns. When buying a commercial property, the need to use an expert solicitor in our opinion is a must, regard must be given to the location of the property, boundary features, planning and building regulation constraints. We at Wildings Solicitors investigate title to the property thoroughly and undertake the required searches with the local authority and HM Land registry. Many times Commercial properties have leases in situ and this is why the property is being purchased for investment purposes. Therefore, it is very important to ensure any current lease documents are carefully scrutinised to ensure that buyers are made fully aware of the current set up.
These are agreements between the landlord and tenant in which security is provided to the landlord in the form of payment security should the new incoming tenant fail to pay the rents to the landlord. The authorised guarantee agreement is when the current tenant provides a personal guarantee to the landlord that the new incoming tenant will pay the rents. One must appreciate that the authorised guarantee is very onerous to outgoing tenants and therefore any new incoming tenant must be of good financial standing as otherwise the landlord does have rights to pursue non-payment of rent from the previous tenant.
We are a modern law firm that provides legal services to businesses, organisations and individuals.
To achieve the best possible outcome for our clients by delivering quality legal services.
To continue to develop our reputation for trustworthiness, respect for individuals, families and businesses.
Any legal matter regarding property can be exhausting. The majority of home owners have a substantial amount of money invested in their property. It is subsequently essential that an expert residential conveyancing solicitor be there to advise during the process of a transfer of equity.
Wildings Solicitors have been offering legal services to commercial property owners for over forty years. Whilst a lot has changed, our dedication to quality remains the same.
Our team of experts deal with a variety of different matters.
Our Residential Property Conveyancing team has considerable experience in buying and selling properties. Our team uses an up-to-date case management system and has devised a process, which is designed to provide you with a service of the very highest standard at a very competitive cost.
This enables our team to provide all of our clients with a very fast and effective service.
General Quesitons
This is usually the case when the property is owned by a landlord and a lease is granted for the tenant to occupy the property in accordance to the terms and conditions of the lease. The lease must therefore contain all the relevant information as this is the agreement which both the landlord and tenants are governed by, some key information would be the following:
The above are all important and therefore by using a reputable and competent solicitor would risks be minimised.
Sometimes unforeseen circumstances can arise in which the current lease arrangement needs to change. With a fixed lease agreement with the landlord this can sometimes prove to be difficult. However, Landlords can be very accommodating and accept business needs can change over time. Providing an agreement is reached with the landlord, the original terms of the lease can be varied to suit the tenant’s needs and this is where a deed of variation helps. At Wilding Solicitors, we have experts who can deal with the drafting of such documents.
It is a well-known fact that businesses can struggle and be unable to keep up with overheads which include the payment of rents. A tenant does have the option to end the lease before the expiration of the lease term providing the lease has a break clause which allows the tenant to serve notice on the landlord to bring the lease agreement to an end. Specific procedures and notices must be followed and the use of an expert solicitor can make the process easy to follow. However, break clauses can be specific in that certain lease agreements prevent the notice being served in the first year or two of the lease, therefore you must read your lease carefully.
A licence is more basic and allows the tenant to occupy the property for a specific time but does not afford any other rights such as the right to renew. These are usually suited for small business units or for businesses who require the premises for a short period of time. A lease, however, is more detailed and is usually granted for a longer period of time. Leases also place a greater responsibility on landlords and tenants to perform certain obligations, for example, to keep the property in good repair and condition. Leases also have the right to renew which can offer a resaleable value.
Send us a confidential message. Our initial call is always a no-obligation consultation.
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
0330 333 8797
info@wildings-solicitors.co.uk
Monday to Friday
9.00am - 5.00pm
Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
