James Pearce & Co – Commercial Lease Lawyers

James Pearce & Co commercial lease solicitors have a wealth of experience in acting for landlords (individuals or companies granting a lease) and tenants (individuals or companies taking a lease). Commercial leases are complicated documents setting out the rights and obligations of the parties to a lease and, as such, require specialised advice when acting for either party. The landlord will have different concerns and requirements than those of a tenant: we are very experienced in advising upon the particular aspects in each case.

Entering into a lease

Generally, you will have agreed the terms of the lease with the landlord or tenant prior to instructing us. The agreed terms are often called ‘Heads of Terms’. However, we can negotiate upon your behalf as to the terms of the lease with the other side. In almost all cases financial (and other) references need to be taken before a lease can be granted. We can liaise with the appropriate parties in this regard. In some cases a premium may be charged and we can advise upon this aspect. In addition, sometimes guarantors are required before landlord is prepared to grant a lease. We can prepare a guarantor agreement if required.

Assignments

In some circumstances leases are sold or disposed. These are called ‘assignments’. The formalities are very similar to those set out above. James Pearce & Co assignment solicitors can advise upon all aspects of taking an assignment of an existing lease and providing necessary legal advice including investigation of the legal title.

Costs

We appreciate that commercial lease advice has a cost. We will be clear and transparent from the outset as to what our charges will be. We will generally try to give fixed estimates as to any work that will be carried out but where that is not possible we shall give you full details of our charging rates and our costs generally. Please ask though if there is any aspect of our costs that you do not understand – we’re happy to help.