Commercial Property: Should I Use A Solicitor For A 5 Year Lease? Most businesses require locations to operate from. Retail stores, workplaces, workshops, factories, or storage facilities can be included. While some companies own the buildings where they are located, the majority lease their space and pay market rent. A commercial lease, however, entails much more than just paying rent. If you hire us as your commercial lease solicitor, whether you’re a landlord or a tenant, we’ll do everything in our power to get you the best deal at the lowest cost. Commercial leases and agreements frequently include pages of specific clauses that all apply to the Tenant named in the lease, in addition to the rent that is due.
A number of onerous obligations, some of which might not be reasonable, can be placed on tenants by the lease, which is frequently biassed in favour of the landlord. Property law, in addition to the Lease itself, has a significant impact on how the Tenant interacts with the property. Therefore, before signing a Lease, Tenants should seek legal counsel in order to fully understand their rights and obligations.