Terminate a Commercial Lease (How to Guide!)

In the UK, a commercial lease represents a binding contract. Such leases are structured to offer both the property owner (landlord) and the lessee (tenant) a measure of stability and certainty for the future. However, there are occasions when one or both parties might find it necessary to leave the lease before its scheduled end. […]
What is a Commercial Lease Break Clause?

A commercial lease break clause enables either the landlord, tenant, or both to end the lease early either on specified dates or at any time during the term. There are many reasons why tenants may be unsure about committing to long term leases, particularly in a challenging economic climate. They could be a new business, […]
Heads of Terms in Commercial Property Transactions

Heads of terms are used in commercial property transactions to set out the key terms expected to form part of the deal. Heads of terms help identify any issues which could prevent the success of the transaction as well as providing a guide for the lawyers when the formal, legally binding documents are prepared. While […]
Buying Commercial Property (Key Considerations!)

If you’re considering buying commercial property, there are many financial, practical and legal aspects to work through before committing to the transaction. In this guide, we examine some of the advantages and disadvantages of buying business premises, as well as the practicalities and legalities involved with purchasing commercial premises. What is classed as commercial […]
What Happens When a Commercial Lease Expires?

The legal position of a tenant when their commercial lease expires will depend on whether their lease is subject to the Landlord and Tenant Act 1954. Commercial tenants usually remain in a property when a lease has expired because they are still negotiating the terms of a new, renewed lease with the landlord or they […]
Renewing or Ending a Commercial Lease Agreement?

If you are a business tenant and the commercial lease for your business premises is due to expire you will need to consider your next steps. You must determine whether you want to end or renew your lease, and if the latter under what terms, and communicate your intentions to your landlord. To ensure a […]