Guide to Follow Before you Sign a Business Lease

 While taking out a business lease, it is vital to choose the lease that best fits your business needs and negotiate terms, enabling your business to expand. Lease agreements are generally drafted in the landlord's interest; thereby, it is vital to seek legal business advice from one of the top Commercial property lawyers UK. Here we will guide you through the steps to follow before taking out a commercial lease;

• Find out whether you are taking a lease or sublease

A sublease is when you lease the premises from the tenant of the original owner(landlord).

• Carry out investigations, searches, and inquiries

Your commercial lawyers will need to perform a number of checks, including-

• Confirming whether the landlord is the legal owner of the property or whether anybody else has legal rights which may cause difficulties later
• Organizing permission checks
• Local authority exploration
• Enquiring the particulars of the lease by enquiring the landlord's lawyers.
• Water and drainage check
• Environmental forage
• Checking the Stamp Duty Land Tax and Land Registry fees

STLD is calculated on the net present value of rent and is payable on completion of a lease.

• Determine your fixed term
• Commercial leases begin and end on specific dates, meaning "fixed term", and the landlord is not supposed to raise the rent during the fixed term period.
• Negotiating the rent and rent review period

Not many tents know that they can negotiate the rent and rent review clauses on their list and can attain favorable terms that fit your business requirements.

• Settle the service charges

The landlord charges their tenants the cost of maintaining and repairing the property. Negotiate to limit the service charge you pay before signing the lease agreement.

It is crucial for both landlords and tenants to hire a commercial lawyer to protect their interests. The above-mentioned steps will guide you through the process of a business lease. Or further legal advice, you can take help from our legal experts at Ai-Law. Our reputed and experienced lawyers with immense commercial lawyers will provide you with premium-quality and professional legal services.

Signs Of A Good Commercial Litigation Solicitor

Litigation is the one part of the law that reaches the general public. At their toes, litigation can be a relatively safe way to resolve disputes and work through problems. However, when it comes to litigation and solicitors, there are many things you should know before signing up. Here are signs of good commercial litigation solicitors.

Have Knowledge About The Legal System

When you are in dispute with someone, it is important to know who the opposition is and their capabilities. A good commercial litigation solicitor should have prior experience in similar cases. Because they have been there before, you can rest assured that they already know the ins and outs of legal proceedings and will be able to represent you well in court.

Sure Of Their Ability

Even if you are only going to court because you have been threatened with legal action, once committed to a legal process, there is no turning back. You should be sure that your commercial litigation solicitor has experience in the field and can deal with any problems you may come across. Good commercial litigation solicitors will be confident of their ability and know how to handle your case.

Commercial Litigation Solicitors Are Well Paid

Many people believe that litigation is a good way to make money. However, you will be in trouble if your commercial litigation solicitor only takes a small percentage of the settlement sum. If you are going to pay hundreds of dollars for the legal assistance you should know that you will receive fair value for what you pay with your money.

Properly Equipped

Equipment is often considered one of the most important things when it comes to litigation. Good commercial litigation solicitors are sure to have the right equipment and technology in place to ensure they get your case heard by the court properly.

Conclusion 

If you are going to court, it is always a good idea to arm yourself with knowledge. This will ensure that you can get what you deserve in the end and will not let anyone take advantage of your situation. However, if you need legal advice or representation, it is important to choose your solicitor carefully.