Business Lease Summary Review Services
Commercial Lease Review
Attwells Solicitors specialise in commercial lease reviews. Operating from our offices in Ipswich, Woodbridge, Colchester and London, our dedicated commercial property team delivers fixed-fee lease advice to commercial landlords and tenants. With local insight and sector-specific expertise, we spot hidden liabilities, negotiate fairer terms and give you the confidence to sign or renegotiate your lease.
What is a Summary Lease Review?
A Summary Lease Review is a concise, fixed-fee legal audit of your commercial lease. In plain English, a specialist property solicitor pinpoints:
Why do I need a Commercial Lease Review?
Simply put, because the market conditions shift fast. For example, think of restaurants adding takeaway counters or consultancies shrinking their office footprint. Unless your lease flexes with your business model, you could be paying for space you no longer need, blocked from adding new revenue streams or exposed to unexpected dilapidations bills
At Attwells, we offer a Summary Lease Review – this is a cheaper, quicker alternative to a Full Lease Review. By undertaking a Summary Lease Review you’ll be able to know whether your current agreement supports growth or ties you to costly obligations.
How does a Summary Lease Review take?
A Summary Lease Review is quick: once Attwells receives your lease and payment, a dedicated commercial-property lawyer completes the review and issues a plain-English report within 3 to 4 working days. To get started simply:
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Request an online quote and click the “Receive a Quote” button that appears on screen.
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Upload your lease (PDF or scan) and pay the fixed £1,349 + VAT fee via the secure portal. All forms and paperwork can be completed safely online.
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Attwells confirms receipt of your documents within 24 hours, then begins the legal audit.
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Within 3-4 working days you receive a concise written report highlighting rent clauses, break options, service-charge liabilities and any opportunities to renegotiate, along with next-step recommendations.
For more information about Lease Reviews please watch our video by clicking here.
Summary Lease Review Service – What is include?
Attwells will review your lease for £1,349 plus VAT. Your lawyer will review your lease upon payment. We aim to review your lease within 3 to 4 working days, offering recommendations in a formal letter. This will give you the option to instruct Attwells to negotiate new terms with your landlord or for you to pursue the matter further.
A business lease summary review is a unique offering by Attwells Solicitors. It enables business owners to review their lease focusing on a few points. A summary review includes:
- Receiving a copy of the lease and plan and reviewing these
- Providing a summary report of the lease highlighting the following points:
- The rent, rent payment dates, and any additional payments required under the lease
- Whether any service charges are due under the lease
- Review of the rent
- Does the lease have the right to renew at the end of the term
- The position on VAT
- The authorised use of the property
- How the lease can be transferred or disposed of during the term
- Termination provisions and the landlord’s right to re-enter
- An analysis of the proposed plan and whether it is acceptable.
- Any unusual provisions contained within the lease.
Considerations for Commercial Property Rent Review & Lease Clauses
- Room to grow: Your lawyer will review your lease to see if the premises you lease allows your business enough room to grow. Reviewing or having a three or five-year business plan will help you consider possible requirements. Your solicitors will be able to help you factor these into any agreement.
- Longevity: Typically, commercial leases are for five or more years. However, this may not be appealing, your lawyer will review your lease for sub-letting clauses, possible early termination loopholes, or payment holidays.
- User clause: Depending on your business type or the sector your business operates in you may require some flexibility in the services you can offer. A user clause could prevent you from diversifying your business. Your lawyer will see if such a clause is within your lease and suggest ways you could overcome it. Alternatively, your lawyer can also confirm that one does not exist, therefore you could freely change your business operations.
