Commercial Business Lease Legal Services
At NLS UK, we provide expert legal advice and assistance tailored to meet the needs of commercial landlords and tenants. Whether you’re entering into a new lease, renewing an existing one, our team of experienced solicitors ensures your interests are fully protected.
We offer transparent fixed pricing giving you peace of mind throughout your leasing process.
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Why choose our commercial lease solicitors?
- Expertise: Our team comprises skilled commercial lease solicitors with extensive experience in handling a diverse range of commercial real estate matters.
- Efficient Service: We prioritize your deadlines and ensure all transactions are handled promptly and professionally.
- Transparent Communication: We prioritise clear and transparent communication, keeping you informed at every stage of the process. Your peace of mind is our priority.
- Legal Guidance: Navigating the legal complexities of commercial leases requires expertise. Our solicitors provide sound legal advice to safeguard your interests.
- Fixed-Fee: Our commercial lease solicitors provide legal services on a fixed fee basis without blowing your budget and with no hidden costs.
- Regulated by SRA: We are authorised and regulated by the Solicitors Regulation Authority (SRA), so you know you are in safe hands.
What We Do
Our comprehensive services include:
- Drafting and Reviewing Lease Agreements: Ensuring clarity and compliance with legal standards.
- Negotiation Support: Assisting landlords or tenants in securing favourable terms.
- Landlord and Tenant Advice: Guidance on statutory rights, rent review clauses, service charges, and dilapidations.
- Resolving Lease Disputes: Offering mediation, negotiation, or litigation services for issues such as breach of terms or rent arrears.
- Due Diligence: Conducting thorough checks on property titles, planning permissions, and compliance requirements.
Our Lease Services
Grant of Lease
£999A new lease granted by a landlord to a tenant for the use of a commercial property.
Assignment of Lease
£999Transferring an existing lease from the current tenant to a new tenant.
Sublease
£999A lease created by the tenant, granting another party the right to use the property for a specific term.
Deed of Surrender
£699An agreement between the landlord and tenant to terminate the lease before its expiry.
Licence to Occupy
£999An agreement between a property owner and an occupier that gives the occupier permission to use a property for a set period of time
Renew Lease
£999Extending an existing lease at the end of its term, often under the Landlord and Tenant Act 1954.
Usual Disbursements but not limited to:
| Land Registry Search/OS1/OS2 | £3.00 |
| Bankruptcy Search | £2.00 |
| Official Copies | £3.00 (each) |
| Full Commercial Searches | Variable |
| Land Registration Electronic Fee | £40.00-£455.00 (depending on Land Registry’s fees scale) |
| Notice of Transfer Fee | Depends on the Landlord/Managing Company |
| Stamp Duty | TBA |
What are the costs involved in a commercial property lease?
There are 6 main costs & expenses you should consider carefully before entering into any commercial property lease agreement:
Business rates
Rent and service charges
Any repair or alteration costs
VAT on rent where the lessor/landlord is a VAT-registered company
Commercial property insurance costs
A solicitor or surveyor’s legal fees and disbursements
How long does a commercial lease process take?
From beginning to end, a commercial property leasing process takes 4-8 weeks approximately. In some cases, it may take a little longer than usual.
Do I need a solicitor for a commercial lease agreement?
It is highly recommended to use an experienced solicitor to deal with the complex formal process and to ensure your best interests are protected. However, using a solicitor for a commercial lease agreement is not a legal requirement.
Do fixed-fee solicitors offer free initial consultations?
At NLS Solicitors, our commercial lease solicitors offer free initial consultation to discuss your needs. This is a chance to talk about your lease and the fixed fee services.
What is a fixed-fee commercial lease solicitor?
Our fixed-fee commercial lease solicitor charges a set amount for lease services. This gives you clear costs upfront, helping you budget without surprise charges.
What’s typically covered in a fixed-fee commercial lease package?
Fixed-fee packages vary by solicitor and lease complexity. A standard package might include:
Drafting and Revision: Creating or changing terms to fit your needs, including rent and repair clauses.
Lease Review: A detailed check of the lease to spot any risks or obligations.
Negotiation Advice: Help in negotiating terms to meet your business needs.
Compliance Advice: Making sure your lease follows UK property law and advising on obligations.