Commercial Lease Negotiations
Knowing how to negotiate a commercial property lease is important. We advise both landlords and tenants of commercial properties in relation to all aspects of leases. We can help whether you are renewing a lease, negotiating with a new landlord, or are renting your first commercial property.
Finding your ideal office, shop, warehouse, or industrial unit takes time and therefore, it can be tempting to quickly close the deal by not negotiating the rent and just signing your commercial property lease. However, it is vital that you take the time to negotiate favourable terms in your commercial lease agreement.
With our experienced team of specialist commercial lease solicitors, we help business owners and directors by guiding them through the negotiation process from the length of the lease, to rent and repairs, helping you to find an agreement that meets both your practical and commercial needs.
Whether you are a landlord or a tenant, it is vital to seek advice from a professional commercial lease solicitor before entering into an agreement. A lease is a legally binding document with specific terms that if not accurately assessed and negotiated, might not necessarily benefit you in the long term and could be damaging for you as a business.
Free Initial Telephone Discussion
Contact us today for more information about our services and how we can help you. Simply call us on 0161 929 0121 or complete our online enquiry form and a member of the team will give you a call back as soon as possible.
Are Commercial Leases Negotiable?
Yes, commercial leases are negotiable. However, the extent of a tenant’s ability to do this does very much depends on several factors.
It is useful preparation before entering into negotiations to research the local market, understand who the landlord is, have discussions with various property agents, and involve appropriate advisors, such as solicitors and surveyors.
What Should I look for In a Commercial Lease?
When entering into a commercial lease, there are several considerations to make before signing an agreement. We will help you to ensure that all the key issues have been addressed before you sign, and help you understand your position before you enter negotiations.
Before you sign the lease, you will certainly want to consider how much rent will be payable over your letting period. If you wish to negotiate this with the landlord, it is best to do so as early as possible.
As a tenant, you might be responsible for paying a service charge for the property or building insurance. These are aspects you will want to negotiate with the seller before signing, as you may secure yourself a better deal.
What Can You Negotiate On?
How much you can achieve at the negotiating table depends on certain factors and preparing for the negotiation is key.
Common areas that we can help with include:
- Break clauses
- Landlord’s legal costs
- Rent free periods / reduced rent period
- Rent reviews
- Repairing obligations
- Security of Tenure
How Long Do Negotiations Take?
The length of negotiations can vary considerably depending upon the size and complexity of the property.
For both landlords and tenants, knowing how to negotiate a commercial property lease is important to your business. We recommend that you use an experienced professional to help you through the process.
How We Can Help
We understand that Commercial Lease negotiations can be stressful. Using our experience and wealth of knowledge, we can help negotiate your commercial lease.
How to Contact our Solicitors
We are well known across the country and can assist wherever you are based. We also have offices based in Cheshire and London.