Grant of New Commercial Lease

Description

A Commercial Lease is the agreement between a landlord and property user about the user’s exclusive occupancy of commercial premises.

The rental documents themselves are usually  long and complex and give rise to related legal issues we will have to handle for you, that might include:

  1. Dealing with security (rent deposits or personal guarantees)
  2. Examining title
  3. Researching rates and other costs
  4. Consideration of the condition of the property and liabilities that result
  5. Registration
  6. Certain property Taxes

We have an experienced Commercial Property team who are specialists in leases who deal with all of the above.

Please see our Commercial Property Checklist for more details.

This product is for our drafting to the specification we have been told is agreed for a contract to occupy commercial property.

Not included in this product (i.e. charged extra if they arise) are:

A. our involvement in the agreement of the terms - see Commercial Property agreement

B. Rent deposit

C. Other Security

Please Contact Us to discuss how we might address your particular requirements.

How long will it take?

It usually only takes a few days to finalise a rental agreement and if necessary, one can be prepared in a few hours at an extra charge.

Money Matters

Your supplier is SRA-regulated Mounteney Solicitors, that charges VAT some customers may be able to reclaim

Product excludes any related contract/agreement/Heads of Terms

£250 Supplement if S.D.L.T. is payable

Renewal lease by reference to existing lease

£  650

New lease, less than 3 yrs

£  900

New lease, more than 3 yrs, less than 7 yrs

£1,200

New lease more than 7 yrs (inc. registration) + Land Reg. Fee

£1,500

Our fee applies regardless of how much work we actually do. In some cases this may mean we’ll get relatively better paid for doing less work than in other cases, in which the fixed fee will barely cover our costs. This is simply the nature of the mutual gamble between a solicitor and their client when they fix a fee.

More detail of all these matters will be outlined in our retainer letter which you will be able to review before you engage us, after pressing the “Buy” button on the website.

There is more about our fees on our website here

If you have any questions or require any further information, please don’t hesitate to Contact Us.