Here at Progression Solicitors we are able to offer advice and guidance to both business landlords and business tenants on the legally binding contract of commercial leases.
A commercial lease is a legal document drawn up between a landlord of a property or premises, and a business tenant wanting to rent/lease the property for their business purposes. A commercial lease will allow the business tenant to utilise the property or premises for the commercial activity of their business for an agreed period of time, for an agreed amount of money, paid as rent, usually on a monthly basis.
Though a commercial lease may seem similar to residential leases, there are many factors to consider such as the type of business the tenant wishes to run and the effect this may have on the property or premises (such as any physical alterations to the building layout or required licenses in order for the business to operate).
Our team of professional experts are able to offer advice and guidance on commercial leases, including but not definitive of:
- Leases of shops, offices, warehouses
- Tenancy agreements
- Hotels and guest houses
- Pubs and restaurants
- Assignment of lease
- Licence for alterations
- Deed of variation
- Surrender of lease
For further information on commercial leases and to arrange a no-obligation appointment with a member of our team, please click to view the contact details of our offices in Ulverston, Windermere, Grange-over-Sands, Barrow-in-Furness and Lancaster.