Solicitors in Wakefield and Barnsley, GM Wilson Solicitors

A business lease can be used to agree the tenancy arrangements of any premises used for the purposes of running some kind of business. The premises may be a building, part of a building or even open land.

We know that having the right lease in place can protect your business or investment interests, and as such we develop a clear understanding of your overall goals to help you achieve this.

We will assess the implications of any proposed lease arrangements, negotiate effectively on your behalf and help you to reach an agreement that meets your needs.

The term (length) of a lease is now much more important in calculating the Stamp Duty Land Tax (SDLT) cost to the tenant on that lease. The complex calculation of SDLT liability needs to be part of the earliest negotiations on any new lease.

Our team can help you with items such as:

Forfeiture

FRI - full repair and insuring

Guarantors

Insurance

Landlords' covenants

Landlords' continuing liability

Licence to assign

Rent reviews

Break Clauses

Repairing liability

Right to renew

Tenant's continuing liability

Lease surrenders, extensions, renewals, acquisitions

We are frequently asked to advise on the legal effect of existing lease provisions. This can arise as a prelude to a dispute between parties, possibly relating to dilapidations, transfer of lease or sub-letting, implementation of service charge provisions or a renewal of a business lease.

Please contact us for more information or to arrange an appointment.

Related Links

When part of your estate is made up of business assets you should always ensure that you have a valid will in place to prevent difficulties arising in the future. Visit our Wills section for more information.