Do I Need A Commercial Lawyer For A Commercial Lease?

Are you considering a lease agreement for a commercial property in Peterborough? Then this is the blog post for you. Lots of business owners ask us if they need a commercial lawyer for a commercial lease. In short, the answer is no. It is not a legal requirement. However, it is highly recommended that a legal commercial expert is engaged.

The main reason that this is recommended is because commercial property law involves a lot of complexities. As a business owner, it can be hard to stay on top of all these and understand how they could impact you or your business. A commercial property solicitor can help ensure you understand the commercial lease. They can also pre-empt any potential disputes in the future.

What Is A Commercial Lease?

A commercial lease is a legally binding contract. It is put in place between a business tenant and a landlord. The contract allows the tenant to utilise the property for their commercial or business purposes. Within the lease it will stipulate and state the responsibilities and duties of both the landlord and the tenant.

Commercial property leases will span to around five years on average. This is very different to residential property leases that will usually span around 12 months. This is why it is so important to bring in the expertise of a commercial property lawyer as they will help to ensure the contract is fit for your business’ purpose.

Do I Need A Commercial Property Lawyer For My Commercial Lease?

Like we said, it is not a legal requirement. However, it could definitely give you the peace of mind and protection now and in the future. Our commercial property solicitors in Peterborough will review the lease. While doing so, they will ensure than the tenant and their business is protected.

Before the completion of a commercial property lease, your commercial property lawyer will meticulously review every component of the contract. They will make sure you understand all the terms that you are signing to agree to. Your commercial property solicitor may recommend and negotiate a short-term lease for your business too. This is especially the case for expanding businesses.

Your commercial property legal expert will also make you aware of any concealed expenses. They will make you aware of repairs that need to be accounted for you. In addition, they will support you with the break clause. This will allow your business to be flexible and terminate the contract without incurring penalties.

Need help with a commercial property or a commercial property lease? Call our commercial property solicitors in Peterborough now to see how we can help you.