The Three Key Questions People Ask About Commercial Leases

Navigating a commercial lease can feel daunting, whether you’re a new business owner taking your first premises or an experienced operator looking to renew.

Commercial leases set out the rights and responsibilities of both landlords and tenants, and the details can have a big impact on day-to-day operations, costs, and long-term flexibility.

The three key questions people most often ask about Commercial Leases are focused on rent, repair responsibilities, and lease renewal or termination options.

Rent and Financial Obligations

How much is the rent, how is it set, and when is it due? Are there rent review provisions? What happens if payments are late or missed? How much is the Insurance Rent? Is there Service Charge on top?

Repair and Maintenance Responsibilities

Who is responsible for repairs and maintenance during the lease? What is the scope of the tenant’s obligations (such as full repairing and insuring leases)?

Lease Duration, Renewal, and Exit Options

How long is the lease, and are there break clauses or options to terminate early? Is the lease protected under the Landlord and Tenant Act 1954, giving security of tenure or automatic renewal rights? What is the process for ending or renewing the lease, including notice requirements and any Section 25 or 26 notices?

These three areas … rent, repair obligations, and renewal/exit rights … represent the main concerns and topics of enquiry for both tenants and landlords when navigating commercial leases. Of course there are many more considerations too; that’s why having expert legal advice is key!

The Legal500 recognised Commercial Property Team here at Wilson Browne Solicitors are on hand to assist you … we are after all #AllTheHelpYouNeed