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.
- 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.
Property Law Team
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Latest news & insights
The Ministry of Justice announce its plans to impose compulsory civil mediation for all proceedings allocated to the small claims track.
The Commercial Rent Act 2022 provides a mechanism for Landlords and Tenants to sort out how COVID related rent arrears can be paid.
It is important to take legal advice on the alteration provisions in the lease and to ensure that if alterations are required that this is clear in the Heads of Terms.
Your landlord’s consent is usually required prior to alterations, which is typically documented in a Licence for Alterations.
The default position is that commercial properties are exempt from VAT. This means that the purchase or leasing of the property would not attract VAT on the purchase price or rent.
Biodiversity Net Gain is an approach to development and planning which aims to leave the natural environment in a measurably better state than beforehand.
Award winning legal advice
We are solicitors in Camberley, Wokingham and London. In 2019, Herrington Carmichael won ‘Property Law Firm of the Year’ at the Thames Valley Business Magazines Property Awards, ‘Best Medium Sized Business’ at the Surrey Heath Business Awards and we were named IR Global’s ‘Member of the Year’. We are ranked as a Leading Firm 2023 by Legal 500 and Alistair McArthur is ranked in Chambers 2022.