Portcullis Property Lawyers

Traditional Values with a Modern Approach

Acting for a tenant

Property usually represents the second highest cost for a business. A good lease can provide flexibility which is a useful asset in thecurrent climate - a bad lease can be a costly headache. It really is one area of law where good professional advice from experienced solicitors can makea difference.

There are various stages to taking a lease and we will guide you through theprocess - every step of the way.Leases are very different andwe will report to you on the paperwork setting out the main issues to save you time. If you have an important date to meet we will do our best to achieve it.

Here are just some of the things we can do for you:

  • Check the draft heads of terms
  • Make searches on the property tocheck such matters as access, drainage, planning.
  • Make sure the lease does what you need and you understand your obligations andminimise any risks
    • What do you expect to happen at the end of the lease? Do you expect to be able to remain and have security of tenure?
    • If there is a break clause what do you have to do to operate it?
    • Do you need to make any alterations? If you do so at the outset it can save money later
    • What condition is the property in? What are the repairing obligations? What does your surveyor say? Are there any potentially expensive liabilities?What about dilapidations at the end of the lease?
    • Is the property suitable for your needs? Have you enough rights if it is not a self contained building? Are there any restrictions on access? Have you enough rights for any alterations you may wish to make in the future such as installing new cabling?
    • Are there any hidden pitfalls in the rent review clause?
    • What about the utilities? Are they sufficient for your purposes? Who is the supplier? Where are the meters? Do they simplyserve the property or do you pay the Landlord?
    • Are there any service charges? What do they cover? Does the Landlord have to supply them? Can they be capped so that you do not run the risk of having a large bill?
    • What can you do with the lease? Can you assign it or sub-let it?
  • Licences for alterations
  • Guarantors and rent deposits
  • Complete and file the stamp duty land tax return
  • Arrange registration of your title if appropriate

Follow Us On

Our Address

Portcullis Property Lawyers
Suite 11
Dukes House
5-6 High Street

Contact Us

Phone: 01753 621610

Fax: 01753 621550

E-mail: advice@portcullispropertylawyers.co.uk

Website: www.portcullispropertylawyers.co.uk