The purpose of this brief is to provide you with an insight into the content of a commercial lease and the processes leading to its grant.
The grant or taking of a commercial lease involves very significant responsibilities and obligations. It is tempting (whether you are a landlord or a tenant) to proceed to completion of the lease as soon as possible – after all, it is at that point that the landlord starts to receive rent and the tenant has the benefit of occupation. However, it is important that proper consideration is given to your needs and the possible effect on your business of each particular lease:-
We set out below a summary of the principle considerations and steps encountered in the grant or taking of a commercial lease. A number of steps are required even before the lease itself if considered. You need to allow sufficient time for these steps to be taken before you agree a completion date.