At Landsmiths, we've always believed that great legal advice is delivered by people. However, having the right technology behind the scenes plays an important role in ensuring we can provide the responsive, efficient and seamless service our clients expect. As the...
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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...
Key financial aspects of completing your commercial property purchase you should know
When you are buying commercial property and get to completion day, you will be expecting to pay the purchase price and walk away with the keys. In fact there are usually other sums to take into account as well, and you may need to find more than just the balance of...