ASK THE EXPERT – “I’m expanding my business and have some premises available to move into. Do I really need a formal lease?”

“I’m expanding my business and have some premises available to move into. Do I really need a formal lease?”

Each week we are taking questions from our clients and contacts.  This week Mr. Jarvis from Sheffield asked the above.

Elizabeth Harris the Head of our  Residential and Commercial Property Department answers:

“It’s brilliant to see our business clients doing well during these times.

We would always recommend having a formal lease agreement in place with the landlord rather than simply occupying the premises informally

By having a formal lease  agreement in place, both you and the landlord will have a clear and legally binding document that outlines the terms you’ve agreed upon. This can help avoid any disputes or misunderstandings down the line.

The lease would also evidence whether you have the right to a new lease when the term expires.

We also offer a wide range of services for both new and existing businesses, including:

Business start-up advice

Review and preparation of standard terms and conditions

Contract reviews and negotiations

Commercial property sales and purchases

All aspects of Commercial leases acting for both landlords and tenants

Tenancies and Licenses

Review and preparation of Partnership Agreements

Advice regarding protecting confidential information in the workplace

Sales and purchases of businesses

Commercial and residential developments and plot sales

Overage and Clawback transactions

Contact us

We are always happy to chat over proposed lease terms with our clients and offer fixed fee legal fees for our commercial property clients. Our expert solicitors have completed major portfolio refinancing on behalf of established businesses throughout the UK, with specialist start-up support and advice available, too.”

Get in touch with the team today by calling 0114 3583134 and pressing option 1 to speak directly to our team, or email us via our contact page