Our team provides pragmatic, commercial focused advice to commercial landlords and tenants in relation to agreements for lease (including pre-lets), leases, re-gearing of leases, lease renewals, assignments, authorised guarantee agreements, licences, rent deposits and surrenders.
We work with landlords to ensure that their property is managed effectively and reaches its full potential. We can assist with all legal aspects of property portfolio management.
We work with occupier tenants to make sure their leases are granted on acceptable terms and that they are clear about, and happy with, their obligations. We advise tenants on any reconfiguration of their occupational requirements, whether divesting themselves of space or seeking new space. By ensuring you know that they are in safe hands, they can concentrate on running their own business.
When acting for either party, our experience is that the more you can agree in the heads of terms, the faster the transaction will proceed. By working with us at the outset, we will be able to help you negotiate the heads of terms, highlight the key points and make sure they apportion the risk between the parties appropriately for the circumstances.
We also advise on a variety of potentially complex issues including:
- The interpretation of leases e.g. rent review clauses and service charge provisions
- Tenant insolvency – rights and remedies
- Exercising break clauses
- Lease renewals under the Landlord and Tenant Act 1954 together with any tactical considerations
We work with other teams throughout the firm to provide specialist, collaborative advice for you. We recommend that you speak to one of the team for specific guidance based on your commercial requirements.
"Both Neil and Paul worked tremendously hard to take the lead and cut through an immense amount of detail in a very short period of time, as we were under pressure from the landlord to close a deal. I particularly valued highly their thoroughness, their ability to synthesise key contractual points that facilitated decision making, and their pragmatic advice."
Real Estate client