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Commercial property leases cover the rights and obligations of landlords and tenants when occupying space for business. A solicitor in this area drafts and negotiates leases, checks terms such as rent, service charges, break options, user restrictions and repair covenants, and advises on assignments, sub-leases and consents. They also prepare accompanying deeds (such as deeds of variation or lease supplements), review heads of terms, liaise with surveyors and agents, and ensure registration of the lease at HM Land Registry where required. The work is shaped by commercial objectives, property strategy and risk management.
Drafting and negotiating leases involves understanding commercial terms, rent review mechanics, service charge provisions, break options, repairing liabilities, assignment and consent regimes, and any landlord-imposed restrictions. Accompanied deeds require precise alignment with the main lease and registration considerations. The solicitor coordinates with landlords, tenants, property managers, valuers and lenders, and ensures documents are robust, enforceable and compliant with current property law and market practice.
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