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Landlord wishing to grant a business lease

  • Please consult Perrin Myddelton at an early stage. We can check your title to ensure that there are no legal impediments to granting a lease. For example, you may need the consent of a mortgagee or superior landlord or both or there may be user restrictions on your title or under planning laws.
  • Many lease negotiations commence with the preparation of Heads of Terms setting out the main terms of the proposed letting. We would strongly recommend that you instruct us before the Heads of Terms are finalised and you should certainly not sign anything until we have checked everything out for you. It is important to have clarity of the main terms of the deal from the outset. By doing so, you should avoid unnecessary delays and help contain the fees payable by you and/or your tenant.
  • We can draw up a lease suitable to the circumstances and in accordance with your instructions and submit it to the tenant’s solicitors.
  • We can liaise with any mortgagee, superior landlord or other third party, in order to obtain any necessary consent to the granting of the lease.
  • We can draw up collateral documentation such as rent deposit deed or a personal guarantee. Most leases these days have one or the other or both.
  • We will advise you on any amendments suggested by the tenant’s solicitors.
  • We will take your detailed instructions on any enquiries raised by the tenant’s solicitors and provide appropriate replies. It is important that these replies are worded carefully. If you are contemplating an important letting it may make sense to address the rather lengthy standard enquiries at the outset.
  • We will report in details on the lease (either in meeting or in writing or both) before you become legally committed to it.
  • We will provide relevant advice throughout, according to your knowledge and experience of landlord and tenant law and practice. We expect to work closely with you in order to achieve your objectives.

Tenant wishing to take a business lease

  • Please consult Perrin Myddelton at an early stage. We need to know all about your business, your plans for the premises and so forth. We would wish to know the commercial justification for entering into the lease. In most cases it will be obvious.
  • Many lease negotiations commence with the preparation of Heads of Terms setting out the main terms of the proposed letting. We would strongly recommend that you instruct us before the Heads of Terms are finalised and you should certainly not sign anything until we have checked everything out for you. It is important to have clarity of the main terms of the deal from the outset. By doing so, you should avoid unnecessary delays and help contain the fees payable.
  • We will investigate the landlord’s title and his right to grant the lease.
  • We will make all necessary searches and will raise enquiries with the landlord’s solicitors and report to you on them.
  • We will review the draft lease submitted by the landlord’s solicitors and make any necessary or desirable amendments in the light of your instructions.
  • We will report in details on the lease (either in meeting or in writing or both) before you become legally committed to it.
  • We will provide relevant advice throughout, according to your knowledge and experience of landlord and tenant law and practice. We expect to work closely with you in order to achieve your objectives.