Lease Reviews2022-06-13T12:30:31+00:00

Business Lease Summary Review Services

Business owners have never experienced such challenging times. COVID has changed how we all operate, both personally and in business. Therefore, we would strongly recommend that commercial tenants review their lease agreement.

Reviewing your lease could allow you to operate your business more effectively.

Recently, for example, restaurants and pubs have been offering takeaways. Equally, service providers have been reducing their office space as an increased number of employees continue to work from home.

This is great and has allowed many businesses to not only survive but thrive. By having your lease reviewed by a property lawyer, you can ascertain if you could do the same.

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, due to COVID, this may no longer be appealing. Your lawyer will therefore 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.

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Attwells Solictors offer full business lease review services including commercial property rent review contracts

Summary Commercial Lease Review Service

Attwells will review your lease for £599 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.

If you have a business plan, it would be useful to submit this, as it would help your lawyer consider your future needs.

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.
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What you can expect when instructing Attwells Solicitors

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