If your business has grown and you are ready to take a lease of new business premises, there are some things you should take into account when negotiating with your future landlord. You want the certainty of knowing you will be able to stay there long enough to get...
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Commercial rent reviews – is ‘upward only’ under threat?
If you grant a lease for more than five years, you will want to include a rent review, so that you can make sure the rent does not fall below the market average. Rent reviews in UK commercial leases are usually ‘upward only’ which means the lease rent goes up if...
Make sure you have the power to recover commercial rent arrears
Protecting your rental income is important from the outset, both when selecting a tenant and negotiating a lease. How can you put yourself in the best position if things take a turn for the worse and your tenant is late paying? ‘Some tenant...
Getting your commercial property sale over the line
Even when you have agreed the key terms of your commercial property sale and have settled the documents, last-minute issues can get in the way and delay completion of a transaction. Not only is this frustrating, but it also delays the point at which you get your money...
3 key points when negotiating an overage agreement
If you are selling land to a developer, their aim will be to increase the value of the land and make a profit when they sell it on. If you want to share in that uplift in value when your land is developed, you will need an overage arrangement to make sure you receive...