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Commercial Property Leases

Our commercial property solicitors, based at our head office in Leicester city centre are specialists in dealing with commercial leases for both Landlords and Tenants.

Process of leasing a commercial property – Landlords

  • Firstly we would have an initial meeting to discuss the key points and agreed terms of the lease, which will normally have been dealt with by an agent
  • Once we have understood your aims, we can give you an indication of the timeframes and expense involved

Process of leasing a commercial property – Tenants

  • Again, during an initial meeting, we will discuss the agreed terms of the lease and provide you with the opportunity to ask any questions or identify any concerns you may have.  We can then give you an indication of the timeframes and expense involved
  • At this meeting, we will consider whether you intend to carry out any works at the property, which may require the Landlord’s consent.  This would usually be dealt with by way of a licence.

How long does a commercial property lease take to complete?

On average, commercial property leases take 6-8 weeks inclusive from the date the draft lease is prepared, to completion of the lease. 

What costs and fees are involved in leasing a property, for Landlords?

For Landlords, you can expect to pay for official copies of the register of title to the property and our costs for dealing with the lease on your behalf.  These costs will depend on the length of the term of the lease and how much rent will be paid each year.

What costs and fees are involved in leasing a property, for Tenants?

You may decide that property searches are required, which cost approximately £450+VAT.  If the lease requires registering at the Land Registry, the Registry charges a fee for this (approximately £40, but this depends upon the annual rent).

For higher value rents there may also be a liability for Stamp Duty Land Tax, but if this is the case we would advise you of this at the outset.

What is the role of a commercial property solicitor for a Landlord leasing a property?

  • After an initial meeting we will draft the lease and send this to the Tenant’s solicitor, together with the supporting documents that are applicable for your commercial property
  • We will prepare replies to standard enquiries
  • We will deal with the requirements of the Landlord and Tenant Act 1954 if applicable
  • Lastly, we will complete the lease and collect the necessary funds e.g. rent and service charge, to send to you

What is the role of a commercial property solicitor for a Tenant leasing a property?

  • To review the lease, which will have been prepared by the Landlord’s commercial property solicitor
  • To make any required amendments to the lease, that are necessary to protect your interest
  • To check the title to the property and raise any necessary enquiries
  • To request the property searches and review the results of these
  • To report to you in relation to the content and impact of the lease
  • To prepare the necessary stamp duty land tax return and submit the same to HMRC
  • To register the lease at the Land Registry

Contact our commercial property solicitors about leasing

Bray & Bray has three main offices in Leicestershire. We will be able to answer any initial questions you have over the phone and arrange for a meeting at your nearest office, at your earliest convenience.

Leicester call us on 0116 254 8871.

Hinckley call us on 01455 639 900.

Market Harborough call us on 01858 467 181.

Bray & Bray's experts don't just dip in and out of different areas of law – all our lawyers specialise in certain areas and have the knowledge and confidence to take on any kind of case in their area of law. Contact us and we'll work alongside you from start to finish.

We know that when our clients are dealing with a stressful legal situation the last thing they need is to be confused by jargon, or made uncomfortable by stuffy professionals. Our plain speaking transparent approach puts people at ease and we're really proud of it.

We offer a complete range of legal services, from personal injury to family law, criminal defence and immigration. We have expert teams of lawyers working in all legal areas, and you'll never work with anyone who isn't fully versed in the relevant laws.

We're based in Leicester and the county but we serve clients nationwide, so don't hesitate to get in touch if you're based some distance away. We do everything we can to make things simple for clients based elsewhere – we'll keep in touch via phone and email, and we'll come and visit you should we need to.

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