fbpx

Business Leases

Business leases are very different to standard residential leases.

The area is a lot more complex.

As an example, in some situations before entering a commercial lease you have

to seek legal advice to ensure you are aware of your legal position.

Please call us for a free no obligation chat on 0800 3 10 11 12

Contact Us Online

Welcome to our page on business leases. We are specialists at handling business leases.

If you are considering taking on a commercial lease or any other business related legal  matter then please call us today to have a free no obligation chat on 01536 276300 or contact us online.

We cover leases, business start ups, partnerships, franchising, employee contracts and many other aspects of business and commercial law.

Leases

A lease is a contractually binding contract between a tenant and landlord. It sets out the rights and responsibilities for each party. It is advised that you seek legal advice prior to entering a business lease.

Contents

A lease is made up of clauses. One clause that is usually included in a business lease over a residential lease is rent review. This usually sets a time period, say 5 years, in which the landlord can decide whether to increase the rent due to a market increase. If the review cannot be agreed, usually an Independent Reviewer will make the final decision.

Another clause commonly found in business leases is the use of the property. Business leases are very strict in what the premises can be used for. A standard table is used detailing all the different types of businesses such as hotels, retail or offices. The lease will set out which categories can be used and whether the use can be changed with the landlords permission.

Transferring the lease is usually addressed within the contents. It will detail whether the tenant has the right to transfer the lease to a new owner. For example, the original tenant could enter financial difficulties and no longer able to keep up with the payments. If the lease does not allow the tenant to assign, then there could be huge financial consequences as they will be liable for the rent.

Latest Articles About Commercial Law

Taking Out Insurance? Have You Disclosed Everything You Should?

Insurance companies have an expectation that their customers will tell them everything they need to know, so they can fully assess the insurance risk they are taking.

Informal Business Partnerships are a Recipe for Strife

It makes sense to have any business partnership formalised in writing professionally to keep everyone happy and to set the ground rules of the business. The following case shows what happens if you don’t.

Steel Manufacturer Pays £1.5 Million Price of Health and Safety Breaches

The Court of Appeal heard a case where a steel manufacturer had been fine £1,985,000 for breeches in Health and Safety. These fines are intended as a warning to others that the matter was taken seriously.

Keep Your Life’s Work Safe If You Are Not Here

As a company owner it is important to secure its future if you are not around. Without preparation, chaos could ensue for those left behind. As part of the business planning legal advice should be sought to secure your company’s future.
load more

Why Use Seatons?

  • Practical sensible help and information
  • Fixed, competitive and affordable prices
  • We care about you and fight for you
  • Regulated by the Solicitors Regulation Authority
  • We can help resolve your issue quickly & easily

COVID-19 Information

We would like to reassure our client’s that it is business as usual and as a firm we intend on supporting our clients through this difficult time. Our priority is to be able to progress client matters whilst protecting both staff and clients. As a precautionary measure to limit the risk to everyone our preferred communication is by telephone and/or email and/or post. Given the government announcement we may take a little longer to respond to enquiries and deal with matters. Please bear with us in these unprecedented times.