Negotiating the right deal for your business

New Lease

Negotiating a new lease on your existing business porperty isn't always as straightforward as you'd hope.

Our wealth of expertise in this area will ensure you have the right advice when you need it most. 

Some of the areas we advise on include:

  • Making personal guarantees
  • Early release clauses
  • Who's responsible for maintenance and repairs

Negotiating your own lease extension may seem like a good way to save money, but it could prove to be a false economy. Having a commercial property expert on your side could result in better lease terms being agreed in terms of monthy rent for example. 

We've outlined the main steps for entering into a new lease below. If you would like us to act on your behalf or have any specific questions, please get in touch 

Advertising Select property. Contact Blair Cadell to note interest and raise initial enquiries
Negotiation Agree "Heads of Terms" with letting agents including: length of lease, rent, rent review, entry date, repairing obligation
Contract "Missives" contract, including adjustment of draft Lease
Documentation Lease - Examination of landlord's title
LBTT LBTT is payable (based on lease terms agreed)
Public regsiter Registration dues payable based on agreed lease terms
Survey Important information to be obtained by tenant taking on full repairing obligations. Landlord to supply Energy Performance certificate (EPC) 
Bank No specific requirement for tenant. Consent may be required in relation to any existing landlord's security
Licensing Pub, hotel, restaurant etc check licensing requirements
Local authority consents Check landlord's documentation in order and obtain re proposed use/works
Party status Landlord may require personal guarantees
Landlord consent Likely to be required in relation to any works proposed by tenant