enquiries@jarmans-solicitors.co.uk 01795 472 291

Sub letting - Leasing your property to someone else - Jarmans Solicitors

    You Are Currently Here!
  • Home
  • Commercial Law Sub letting – Leasing your property to someone else

Sub letting - Leasing your property to someone else

Jarmans Solicitors help with Sub letting – Leasing your property to someone else.

 

For commercial property owners, there are times when you may find yourself looking to lease your property to someone else. Whether it is through retirement, relocation or many other reasons, it is vital that you get the correct legal advice to ensure that you meet your landlord’s responsibilities.

Draw up a lease contract

Firstly, you must ensure that you have a valid and watertight lease. A commercial lease is a legally binding document between you and your commercial tenant which provides them with the right to use your property but also outlines how they may use it. It also outlines the rights and responsibilities that the landlord and tenant have. Essentially, it is a contract between two business people. As a result, there are fewer government protections available for tenants of commercial properties than there are for residential tenants, so a good lease agreement can ensure that your tenant has the confidence to trade from their leased property and you can have the confidence that they will pay rent and look after the property.

Decide on the length of the lease

New commercial landlords should also decide on the length of the lease and whether it should be transferrable should your tenant wish to sell their business or terminate their occupancy. Landlords should also consider including a break clause, meaning you can terminate the lease early. These factors will all depend on the type of property that is being leased and the types of businesses that it will attract. Some tenants may prefer longer leases, while start-ups and small businesses may be more attracted to a shorter lease.

How much will the lease and rent be?

A commercial lease also allows both parties to agree on the annual rent of the property and whether there will be rent reviews. You should also ensure that there are provisions for required rent reviews to allow potential rent increases throughout the tenancy. (It is worth noting that due to the current COVID-19 situation, if you are already a landlord and there has been a break in rent payments, your lease may need to be reviewed).

Make sure that your obligations as a landlord are fully documented. Ensuring that your obligations as a landlord are detailed within the lease agreement can save you time and money later on. Outlining who is responsible for insurance, upkeep, decoration and the payment of utility bills, for example, can reduce confusion between you and your tenant.

If you are considering leasing out your commercial property, contact our team of commercial property experts today.

Need help?

If you would like to contact us or book a consultation with a member of our team please fill in the ‘Make an Enquiry’ form or call us on 01795 472291 or email enquiries@jarmans-solicitors.co.uk

 

MAKE AN ENQUIRY

Contact Us

    TESTIMONIALS

    How We've Helped People

    • Excellent!!

    I contacted Jarmans Solicitors (Supriya) regarding an employment issue. They were professional, knowledgeable and efficient. I felt fully supported and valued throughout a very difficult period. I would throroughly recommend Jarmans Solicitors and would not hesitate to use them again if needed. The service was exceptional. Thank you.

    Omar Behardien Omar Behardien

    • Excellent!!

    ‘’I've been dealing with Jarmans solicitors over a litigation issue to protect my financial interests within a property I bought with a so-called friend which I owned the highest percentage within the property. The solicitor called Jeanine has been very helpful and supportive and advised me I have a very strong case to stop my so-called friend from taking half my house away from me. I am very happy with the work which has been carried out so far. I

    NO

    • Excellent!!

    ‘’We first contacted Christopher Kennett in April 2020, regarding a boundary dispute as you can appreciate these things if not dealt with correctly can quickly turn nasty. Christopher came to the site so that he completely understood the situation and was not relying on photographs, which can in some cases be misleading. The personal treatment we have received throughout the last year has been fantastic we rely completely on his advice, and put our complete trust in him to always

    CL

    • Excellent!!

    ‘’Great representation in court following road traffic charges - Matt Davis and Jeanine Harry. Very many thanks for your services. Excellent result on the day.’’

    CJ

    Blog

    Discover Helpful Articles

    No Fault Divorce

    Traditionally the word 'divorce'  conjures up images of divorcing couples being

    How are debts treated in divorce/ financial

    What are "Hard" and "Soft" debts and how can these effect

    The Two Most Common Questions Asked About

    The law has finally caught up with the times! No-fault divorce

    All You Need To Know About No-Fault

    No-fault Divorce – All you need to know The rules of

    Contact Us

    Get In Touch

    Why not arrange a chat with a team member to discuss your Personal or Commercial legal needs? Do not hesitate to contact Jarmans Solicitors on: 01795 472 291 alternatively fill in the form below and we'll get back to you asap.