Category: Commercial Conveyancing
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Difference between fixtures and fittings and chattels in commercial property
If you take a lease over commercial property, it may come with fixtures and fittings belonging to your landlord. Alternatively you might make changes and additions to the property (preferably under a Licence to Alter from your landlord) so that fixtures and fittings are installed. It’s important to know what belongs to you at the…
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What is a Section 146 notice?
It is a notice which is served under section 146 of the Law of Property Act 1925. It is served by a landlord on their tenant and is used when the landlord believes the tenant is in breach of some form condition set out in their lease. If a notice is served and not addressed,…
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Evicting commercial tenants
If you are a commercial mortgage holder or commercial landlord, the chances are that, eventually, you will need to end the lease early and evict your tenant. This is common in instances where the tenants usually stop paying their rent. The process of evicting commercial tenants early is known as ‘forfeiture’ of the lease. We…
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What is an Assignment of a lease?
When you buy or are granted a lease, you take ownership and possession of the property for a fixed period of time, which is known as the term of the lease. You might take a ten-year lease, knowing that you might only want the property for a few years, and then want to move on…
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A shout to all business tenants – do you know your rights under the Landlord and Tenant Act 1954?
Historically, the law regulating business tenancies favoured landlords more than tenants. Only tenants who could demonstrate sufficient goodwill, showing that compensation, when their tenancies came to an end, would be inadequate, were entitled to renew their tenancies. That was very difficult for the average tenant to prove and if they couldn’t, they would have to…
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Shopping for a new commercial lease (part 2)
So hopefully we haven’t put you off the idea of taking a commercial lease or licence over commercial premises, and you’re eager for more advice about the things you should be thinking about and deciding on before you go shopping. Are you likely to want to sublet or share your new premises? Sometimes clients look…
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Shopping For New Leasehold Premises And Commercial Lease (part 1)
If you are in the market for a new shop or office, rather than a new woolly jumper or yet another pair of socks, there are lots of things we would suggest you think about before you make any final decisions. Taking on a commercial lease comes with a lot of challenges and possible pitfalls…
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What are Rent Deposit Deeds and what is their relevance in Commercial Conveyancing?
Are you looking to take up a new Commercial Premise by way of a Lease? Have you been requested either by the agents or the Landlord (especially if this is a private deal) that you are to commit an advanced deposit as security? Then this article is for you. Unlike Residential Property, commercial does not…
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Commercial Lease Re-Gearing
In our mission to be the go to information site for all Commercial Landlords and potential Tenants, our blog today will cover the obscure topic of varying the Terms of a Lease already in operation – glamorously termed re-gearing. As we have discussed in detail on previous articles, once a Commercial Lease has been finalised…
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Commercial Leases – Rent Review Mechanisms
When a new commercial lease is being granted, there are three main mechanisms of rent review to consider. In conjunction with our other comprehensive guides covering the topics around commercial conveyancing, we believe this document can be used to understand the various methods by – Prospective Tenants looking to offer on a commercial property an…
