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Rent holidays cover the right to suspend or reduce rent payments under a commercial lease for a period. In practice, a solicitor helps draft or amend rent-free or reduced-rent clauses, negotiates with the landlord, and records any agreed period in a deed of variation or lease amendment. They also manage how the holiday interacts with rent reviews, service charges, or option to renew, and advise on enforceability and potential tax implications.
A rent holiday typically involves precise drafting of the period, eligibility criteria, and any conditions for repayment or abatement. The solicitor ensures the variation aligns with the lease, registers the agreement where required, and coordinates with the landlord’s side to avoid disputes at review time or when the lease ends. They also identify any implications for security interests and the treatment of related service charges.
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Sophie was prompt to reply to all correspondence and always very professional. She was very proactive in getting a settlement concluded within a tight timeframe
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My Sale & Purchase was a smooth transaction from start to finish. Kirsty and Nicola answered all my questions quickly and were a pleasure to deal with. Great communication very professional. I would recommend Toomey and all their staff, very friendly and helpful in all aspects of the process. 5 stars from me...
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Tagged solicitors Georgianna Kaya and John Rockliff Smart
I used John Smart at Richard Griffiths for the probate and sorting out of my Aunt’s Will. He was professional and helped us to sort out a tricky situation. I found him professional but not distant, easy to communicate with and available when I needed questions answered. I also used Georgianna and team for the conveyancing of the property I was selling. They were efficient and kept everything moving along nicely. Again it was always possible to get hold of someone to answer questions and report on progress. I highly recommend the firm. Everyone has been a pleasure to deal with.
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