Commercial leases are complicated legal instruments. Other than the express rights and obligations in lease agreements, the law also implies a number of rights and obligations upon both the lessor and lessee. Since the lease agreement is prepared by the lessor’s Commercial Solicitor or Contract Lawyer, it is usually written in such a way as to mostly benefit the interests of the lessor. From a lessee perspective, it is necessary to ensure that the lease agreement properly reflects the interests of the lessee. Negotiations as to the terms of the lease arise in the course of trying to have the lease agreement address the interests of both parties.
A lessor may be interested in securing a solvent, commercially secure, reasonable lessee, who will comply with the terms of the lease and keep the property in good condition. The net effect of obtaining such a lessee is an increase in the value of the premises and, in due course, rental profits.
A lessee may be interested in procuring a lease with reasonable rent, a landlord that responds promptly to their obligations, options to extend and reasonable outgoings. The net effect of obtaining such a lease is an increased chance of business success and stability.
Negotiating is a balancing act between the parties. Our Commercial Solicitors have experience dealing with complicated lease matters and negotiating with large corporations and listed companies. Contact our office and arrange an appointment with an experienced Commercial Solicitor today.
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