Commercial Property/Leases
COMMERCIAL PROPERTY LAWYERS WATFORD
Commercial property law – translated
Commercial conveyancing covers a wide range of activities regarding commercial property and often includes the sale of businesses, shares and assets.
Our Watford team of specialist commercial property solicitors advise both landlords and tenants. We deal with all areas of commercial property and strive to combine local business knowledge with a professional, value for money service. We can offer advice on a fixed fee basis allowing you to plan ahead safe in the knowledge that you won’t be going over-budget.
We have experience of dealing with a range of premises including:
- Shop and retail
- Restaurants
- Cafes
- Hotels
- Pubs
- Industrial units
- Office
Experience counts
Making sure that your lawyer has experience in the specific type of premises your business is involved in is important as it will enable you to receive a more efficient, stream-lined service, invariably saving you time and legal costs.
As mentioned before, we deal with all areas of commercial property. Some examples of services we commonly offer include:
- Freehold business premises remortgage/sale
- Arranging short term licenses and leases
- Advice with regards to transfers of existing leases (otherwise known as assignments)
- Sale of shares and assets which often includes commercial property
- Commercial mortgage advice
- Existing lease renewals and extensions
- Advice with regards to lease termination (otherwise known as lease surrender)
- Possession proceedings
- Advice and negotiation with regards to rent reviews
- Dilapidation issues advice and litigation
- Advice related to service charge issues
Lease transactions
Transactions involving leases can be fairly complicated and risky. Should you sign a lease that is unfavourable for your business, it is certainly going to be more costly to sort it out than have it done properly in the first place. It is therefore essential that you deal with professional commercial conveyancing solicitors who will ensure that your lease is properly drafted, negotiated and concluded. An experienced commercial solicitor will already have an understanding of what precedents and procedures are relevant to your particular circumstances, saving you time and money.
In ensuring the lease arrangement is right for you, a diligent solicitor will commonly consider some of the following issues:
- Whether the lease can be renewed or not
- Requirements for personal guarantees on the sale of lease
- Rent reviews
- VAT matters
- Break clauses
- Covenants for repair
- Rent deposits
- Landlords consents
- Service charges
- Enquiries with regards to the property before any contract is signed
- Planning uses
- General position at end of lease term
- Clauses regarding dilapidation
For all your commercial conveyancing requirements, contact us today for a quote or book an initial consultation.