There are many factors that will influence what type of arrangement a tenant may wish to consider when negotiating with a prospective landlord.
A tenant will usually require the assistance and support of a commercial property surveyor who will not only help the tenant to identify premises suitable for the tenant's business needs, but also will advise the tenant as to the level of rent that should be payable in the open market for the property in question.
We will then step into the transaction, and will review and negotiate the terms of the lease and any ancillary documentation (which may include a licence for alterations or rent deposit deed) in accordance with the heads of terms which have been agreed in relation to the transaction. Our team will also provide a report to the tenant, setting out the rights and obligations arising under a commercial lease, and also summarising the main terms of the agreed lease.
Our team will keep a tenant advised as to progress throughout a transaction, and will deal with any practical issues which the tenant may raise, prior to completing the lease, following which the tenant will be allowed into occupation of the property.
Finally, we will deal with any post-completion requirements including the payment of any stamp duty land tax which may be payable in relation to the lease, and also registering the lease at the Land Registry in order to protect the tenant's position.
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Our solicitors are experienced in providing legal advice for tenants, and provide advice and support from our office in Leeds, Sheffield and York. To speak to us today, contact us using the contact details below.
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