Negotiating Heads Of Terms

Negotiating Heads Of Terms

A heads of terms document is a document that summarises the key terms of a business agreement made between parties to a transaction. Additionally, heads of terms are referred to as letters of intent or memorandums of agreement.

Following initial negotiations between the parties, heads of terms are written to outline the fundamental conditions of a contract or business lease before the finer details are established.

Although heads of terms are not legally enforceable, they serve to record the future intentions of parties interested in conducting business but do not impose obligations on them.

Negotiating heads of terms on a commercial lease can not only be stressful, but highly disruptive. Whether you are an individual, entrepreneur, company or partnership, the process of negotiating heads of terms of a commercial lease can be complex and time consuming. This is why it is important you are able to speak to legal experts who can provide all the guidance you need to emerge from a negotiation with the result you are after.

The team at Blackstone is highly experienced in dealing with all forms of contract law and we always work very closely with our clients to ensure we fully understand the issues faced by them or their business. By working together, we can ensure we devise a pragmatic solution that meets your commercial objectives.

Discuss your situation with the team today by calling us on 0345 901 0445. Alternatively, allow us to get in contact with you by filling in the online enquiry form on this page.

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Our Services

We have helped both Landlords and Tenants in all aspects of their commercial lease. Our services include:

Services for Landlords

Services for Tenants

For efficient commercial lease renewal, contact Blackstone solicitors on 0345 901 0445.

Points to consider when negotiating heads of terms

  • Length of the Lease Term
  • What are the Break Options
  • What are the repairing liabilities
  • Rent reviews
  • The need for additional security
  • Service Charges and other costs
  • Insurance costs and liabilities
  • Alienation (Assignment of the lease. Subletting etc etc)
  • SDLT
  • Registering the lease at the land registry

We can help you today.

At Blackstone, we pride ourselves on our tenacious approach to getting the results our clients are after. If you are involved in the negotiation of heads of terms, get in touch and find out more about how our expert team can guide you through the process and achieve the best result possible.

We appreciate that dealing with heads of terms can be a cause of real stress and strain. However, we can help make the process as hassle free as possible thanks to our professionalism and determination to sort out your issue as quickly as we can.

Get in contact

For more information and to discover more about how we can assist you with drafting heads of terms, do not hesitate to get in touch. Simply give us a call on 0345 901 0445 and we can run through your situation, or if it is easier for you, fill in our online enquiry form and a member of our team will give you a call back as soon as they can.

We take on clients from throughout the UK, and regularly help those based in Manchester, London, Chester and Cheshire.

Get in Touch Today

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