It is becoming prevalent for tenants to commit themselves to commercial leases of property without seeking legal or professional advice. Many prospective tenants are looking to keep their initial costs to a minimum and believe it is an unnecessary expense to engage a solicitor to advise them on the lease. This can be a dangerous and false economy.
Getting you up and running at the earliest opportunity whilst minimising your exposure to risk, our rapid, efficient and professional service is geared to fast-track you into your new premises whilst ensuring your maximum protection both from the outset and throughout the term of your lease.
Donnelly and Elliott offers practical and commercial advice in such matters as rent reviews, break clauses, relief against forfeiture, rent arrears, dilapidations and contested lease renewal, our dedicated and experienced team of specialist property lawyers understands your needs and supports you at every step; guiding and advising you against all the possible pitfalls.
Offering considered and practical support at all times, we advise on the following areas:
Our Commercial Property team will be able to fully advise you on all aspects of lease assignments, surrenders or underlettings.
Circumstances change and economic situations vary and occasionally it becomes necessary for a tenant to surrender a lease. In the negotiation of an original lease it may make it possible to terminate or surrender the lease for certain specific reasons which can be advantageous to the tenant.
As part of our remit towards landlords or tenants, we look into and advise on the ability to terminate the lease, to assign or sub-let, and to ensure that where the lease allows for such events the financial and tax implications of surrendering a lease are made clear.
We were are also able to advise on any additional security required by Landlords upon a proposed assignment or underlease such as authorised guarantee agreements, rent deposit deeds, deeds of covenant and personal guarantees.
Contact our expert team at Donnelly & Elliott today.