Commercial Lease Law

Commercial lease law provides a framework and clear procedures for those occupying premises on the basis of a commercial lease.  A commercial lease relates to property used for business or office purposes (not residential) which a person or a company acquires for a certain period of time.  Commercial lease law can be complex particularly when the commercial property is in a block with a number of units.

When you acquire a commercial leasehold property, you will be required to enter into a legally binding contract known as a lease with the owner of the commercial property.  The parties under commercial lease law are referred to as the landlord and the tenant.  The lease lays down the responsibilities and obligations of both parties and these are known as covenants.  Common tenant covenants include paying service charge, keeping the interior of the property in good repair and not altering the structure.  Common landlord covenants include insuring the property and affording the tenant quiet enjoyment of the property without interruption.  It is important for both parties to read the lease with extreme care because once it is signed the respective parties are bound under commercial lease law by all the clauses.

Commercial lease law allows the commercial tenant to renew the lease on the same terms (subject to modernisation) at the end of the lease.  This right applies unless it is expressly excluded in the lease.  A commercial landlord can object to a proposed lease renewal on certain grounds, for example, where there has been persistent delay in paying rent or other covenants have been substantially breached.

If you would like legal advice on any aspect of commercial lease law, Contact Law can put you in touch with a local commercial lease law specialist free of charge.  So if you have any questions or would like our help in finding local lease law specialist solicitors, then please call us at 0800 1777 162 or complete the web-form above.