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Commercial leasing covers the drafting, negotiation and enforcement of leases of business space, with attention to rent, service charges, repair and maintenance, covenants, break options, renewals and assignments. A solicitor in this area prepares and negotiates the lease document, checks heads of terms, and advises on options such as rent reviews, dilapidations and landlord and tenant duties, acting for either the landlord or the tenant. In practice, the process is shaped by the lease type (for example, full repairing and insuring leases) and by the ongoing landlord-tenant relationship throughout the term of the lease.
The solicitor handles the specifics of lease terms, rent review mechanics, service charges, insurances, repairs, and permitted use. They navigate the interaction of the lease with title documents, planning and licences, and coordinate with surveyors, funders, and negotiating counterparties. They draft, review and amend the lease, permissions and associated documents such as assignments or licences, and respond to landlord or tenant defaults under the lease.
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