Lease Review - See if you can make changes
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 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.
Our offer to you
Attwells will review your lease for a £549 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 to, as it would help your lawyer consider your future needs.
What will we be looking for when reviewing your lease?
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 five or more years. However, due to COVID this may be no longer 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 one does not exist, therefore you could freely change your business operations.
Who will do my work?
Your matter will be undertaken by one of our Commercial Property Solicitors: Nick Attwell; Matthew Desborough, Joseph Harrison, Phillip Hewett or our Trainee Solicitors under the supervision of Nick Attwell.
How long will it take?
Timescales vary depending on the complexity of the lease being reviewed however, we aim to review your lease with 3 to 4 working days.