Business Leases
Whether you are landlord with a property to let or a tenant looking to take a new lease for your business we are here to help.
We will work closely with you to understand your business needs and will cut through the jargon to give clear advice on the obligations you are taking on.
Our Property Law team is highly regarded for its depth of expertise and commercial approach. We act for both landlord’s and tenant’s across a broad range of sectors including leisure and hospitality, restaurants, retail, industrial, office, and healthcare.
Our expertise includes:
• Negotiating your new lease
• Transfers (or assignment) of existing leases
• Subletting your lease
• Dealing with leasehold management of property investment portfolios including licences, consents and surrenders
• Landlord and Tenant 1954 Act lease renewals alongside our Dispute Resolution colleagues
We also recognise the benefit to you of being able to budget accurately for costs and as such are happy to work on a fixed-fee basis.
Recent Cases
- We led work for nationally recognised café on its relocation to a larger premises in London at the end of their existing lease. The new property was an assignment of an existing lease and we managed the work via several sets of solicitors to ensure the lease assignment was completed to fit in with the deadline of the end of the existing lease.
- We acted for a landowner in granting a large number of their commercial units to the same tenant in a large and wide ranging transaction which included several new leases, option agreements to take further leases, a licence for works to deal with substantial rebuilds of the existing properties and also issues with dilapidations from previous tenants.
- We acted for a national charity on its strategic London head office relocation. We undertook extensive due diligence in respect of the new leasehold interests, negotiating and settling the terms of the assignment of the existing lease and were also involved in advising on the termination of our clients existing leasehold properties.
Business Leases FAQs
- Understanding your Heads of Terms – Key points for Commercial Tenants
- What is a Full Repairing and Insuring Lease?
- Commercial Tenants: How can I exercise the break clause in my lease?
- What is a side letter?
- VAT, Commercial Property and the Option to Tax
- What is alienation?
- Why do we do commercial property searches?
- What is a title indemnity policy?
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The team at Herrington Carmichael are responsive and reliable and provide an exceptional service to us. There is a strong level of ownership from the team and they go the extra mile to ensure that there is a thorough examination of each transaction and our interests are always protected.
The team works well together as well as interacting well with our in-house team. Everyone in the team is knowledgeable but if a situation arises that requires more senior involvement, escalation is quick and efficient to enable satisfactory solutions for all parties, to be found as quickly as possible.
Herrington Carmichael have the experience and in-depth knowledge of property law with the ability of individual solicitors to refer specific problems to specialist teams like the dispute resolution team.
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Award winning legal advice
Herrington Carmichael offers legal advice to UK and International businesses as well as individuals and families. Rated as a ‘Leading Firm 2023’ by the legal directory Legal 500 and listed in The Times ‘Best Law Firms 2023’. Herrington Carmichael has offices in London, Camberley, Reading, Ascot and Wokingham.
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Building 2 Watchmoor Park, Riverside Way, Camberley, Surrey GU15 3YL
+44 (0)1276 686 222
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The Abbey, Abbey Gardens, Abbey Street, Reading RG1 3BA
+44 (0)1276 686 222
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102, Berkshire House, 39-51 High Street, Ascot, Berkshire SL5 7HY
+44 (0)1344 623388
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60 St Martins Lane, Covent Garden, London WC2N 4JS
+44 (0)203 326 0317
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Herrington Carmichael is authorised and regulated by the Solicitors Regulation Authority with registration number 446245.
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