593
Kobalt Law LLP
595
Top 10 of 3,582 law firms for Surrenders, Commercial Property
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A surrender in commercial property is the agreement to end a lease before its term ends, with the tenant giving up the tenanting rights and the landlord accepting vacatur. A solicitor drafts or reviews the deed of surrender, negotiates terms on issues such as dilapidations, arrears, and any premium, and coordinates with the landlord’s solicitor. They also verify title and leasehold interests, advise on steps to re-let, and ensure stamping and registration formalities are completed.
What a solicitor handles in these matters
The solicitor handles drafting the surrender deed, negotiating terms (dilapidations, arrears, and any premium), verifying the leasehold title, and arranging access for confirmation of vacate. They liaise with counterparties, check superior landlord or third-party consents if required, and oversee post-surrender registrations and potential re-letting or re-entry by the landlord.
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