Before you sign a commercial lease agreement prepared by your landlord, be wise and have it reviewed by your own commercial law solicitor, thus avoiding pitfalls.
Negotiating a commercial lease needn’t be daunting, if you know your legal rights and have enough business experience to anticipate pitfalls. That is why, unless you are a legal expert, you need help from a commercial law solicitor.
Ideally you should have your own commercial lease drafted by your own solicitor and presented to your landlord. But if your landlord has the lease already drafted by legal experts, then you could have the lease reviewed by your own solicitor who will have your business best interests at heart.
Your solicitor will understand your business and have an awareness of any dangerous because of the level of expertise in the corporate field. These dangerous areas could potentially impact on your business, your reputation and your financial resources.
A property law solicitor will be fully equipped to identify areas that can present problems and any key issues when reviewing the wording of a commercial lease. When you consult with a property law solicitor, you will discuss break clauses, responsibility for repairs, rent, forfeiture, covenants against additions and alterations, insolvency and any restrictions.
So you are strongly advised to seek the expertise of your own solicitor prior to signing a commercial lease that’s been prepared by your landlord. Your landlord have their own best interests at heart and you should equally prioritise your own business interests. Please contact one of our team to review any existing leases that may be negotiated in your favour, or any lease draft prior to being signed. We eagerly await to hear from you. SG
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