Commercial Property Tenancy Agreements
Having a commercial tenancy agreement in place is crucial for both landlords and tenants – formalising what responsibilities each party holds and protecting rights. A critical step in the leasing process, our commercial property tenancy agreement lawyers help draw up agreements and ensure your best interests are protected. Contact us today to find out how we can help you.
Commercial Tenancy Agreement Lawyers In London & Essex
If you’re a commercial property owner and wish to rent your property to another business, a tenancy agreement is needed. Also known as a business lease or commercial lease, the agreement outlines the responsibilities of both the landlord and the tenant, protecting the interests of both parties.
What is a commercial lease?
A commercial lease or commercial tenancy agreement is essentially a tenancy agreement for commercial premises which addresses several clauses. The main need for a tenancy agreement is to outline the details of the building, including its use. Typically, the tenancy agreement will include:
● personal information, including contact information, for both parties
● if a guarantor is required or not
● property specific details, such as the size of the space being rented
● general letting information, including the rent cost, the length of the agreement
● the property uses, including if there is exclusive use of property or not
● clauses outlining if renovations or improvements are allowed to the property, and whether they have to be approved by the landlord
Landlord responsibilities
As a landlord, you will have liability over many aspects of the property, particularly in relation to the maintenance of the property. The tenancy agreement will outline your responsibilities and liabilities while also protecting your rights. Landlord responsibilities generally are:
● the upkeep of the property
● seasonal maintenance
● ensuring health and safety requirements are met
● collection of rent payments
● outlining how tenants can use the property
Tenant responsibilities
As a tenant, you must be aware of your responsibilities to prevent you from being in breach of your contract. Typically, as a tenant, your responsibilities will include:
● utilities
● minor repairs
● rent
● day to day upkeep of the property, such as ensuring it is clean
How can we help you?
At Blacks Legal, we know that commercial property is crucial to running a business. Before you sign a tenancy agreement, you should always seek professional advice.
Contact us today on 020 3500 7471 or complete our online enquiry form.
Why choose us?
Our expert team of commercial property tenancy lawyers will work with you to ensure the agreement has your best interests protected. Commercial property law can become complex fast, but our team have years of experience behind them that can be used to ensure you get the best tenancy agreement possible, regardless of whether you are the landlord or the tenant.
Commercial Property Tenancy Agreement Solicitors London, Essex, Hertfordshire & Kent
To ensure your commercial lease protects you and your business, contact Blacks Legal today on 020 3500 7471 or complete our online enquiry form and a member of our team will get back to you.