Commercial Lease Solicitors Bristol
Meade King, solicitors in Bristol, provide specialist advice on commercial leases. Our solicitors have acted on numerous commercial lease transactions including lease advice for landlords and tenants of commercial leases, sale and purchase of commercial property and various other matters. We are recognised by Legal 500 as one of the leading teams in commercial property in Bristol.
Commercial Property Clients
Our clients range from major high street and international retailers
and national charities to developers, commercial property investors
and businesses. We also work closely with our insolvency team in handling
commercial property transactions on behalf of insolvency practitioners
Commercial Property Leases
Commercial leases set out the parties' obligations. Our solicitors advise in detail. As an extremely brief overview some of the lease considerations are set out below: -
Commercial Property: The lease defines the property and its extent. It is advised that a plan is attached (this may be a requisite if the lease must be registered at the Land Registry).
Landlord and Tenant: The lease names the parties. Solicitors will have to ensure that the landlord has legal title to the commercial property.
Lease Period: The duration of the term of the lease must be specified. Are there any break clauses for a party to terminate the lease? If so, are there any conditions?
Lease Rent: The lease sets out the amount of rent and how it is payable. Does the commercial property benefit from any rent-free period and are there any Stamp Duty implications on how the lease is structured?
Lease rent review: Will the rent be reviewed (this is standard practice on a five yearly basis)? The review mechanism is specified in the lease (by a surveyor, RPI, upwards/downwards?)
Commercial Property Insurance: It is commonplace for the landlord to insure the commercial property. The lease will define the terms and how the tenant reimburses.
Service Charge: If the commercial property is located in part of a building a service charge may be due to pay for the maintenance of the common parts. How is this calculated or is it a fixed figure?
Repair: The obligation to repair the commercial property must be appropriate to the length of the lease. The shorter the term the more the tenant should resist onerous repair obligations in the lease.
Alterations: The parties must balance the tenant's requirement to make alterations with the landlord protecting its interest in the commercial property
Use: The use must be specifically defined to allow the tenant to trade.
Rights granted: The lease may contain rights to use common parts (such as car parks or passageways). Emergency escape rights should be incorporated into the lease.
Contact the Commercial Property Team
If you require solicitors' advice on a commercial property transaction, please contact Simon East in the following ways:
○ click here to email;
○ or telephone us on 0117 926 4121
Commercial Property Links
Commercial Property Solicitors Regulations
Associated Commercial Property Organisations
Useful Commercial Property Reading
Government organisations for Commercial Property
Other Bristol Commercial Solicitor links
Commercial Lease Solicitors Bristol; Purchase Commercial Property Solicitors Bristol; Sale Commercial Property Solicitors Bristol; Shop Lease Solicitors Bristol; Commercial Property Solicitors Bristol