Harrison Carter have considerable experience and expertise in dealing with commercial leases. Providing a comprehensive, competitive and complete service. 

 

Which Lease ?

When growing your business, taking on a commercial lease is a basic step to grow or expand. With professional advice making the wrong decision can be avoided this may be perhaps not looking closely at the clauses of your lease usually as the terms of leases are considerable which may lead to a mistake and can cause significant problems for many years. 

 

When it comes to commercial leases, the most important thing is to choose the one that best fits your business needs and also meets any expansion plans you may have.

 

We will help you understand all the different types of leases available in order to make the best decision possible.

 

Gross leases

A gross lease is a type of commercial lease where the landlord has to pay insurance and maintenance costs and property tax. In determining the overall cost of a gross lease, the landlord will take into consideration property costs and calculate them accordingly in order to create a rent offer.

While gross leases are less complicated than other types of leases, they are not necessarily cheaper and a landlord may overestimate maintenance costs in order to ensure that they won’t lose money in the long run. If you are unsure whether this type of commercial lease is right for your business, you can always turn to your London commercial lease solicitor for further advice and guidance.

 

Net leases

Net leases, on the other hand, are the most common commercial leases in the UK. Unlike gross leases, tenants are required to pay a portion or the entirety of maintenance costs (i.e. taxes, utility bills). Net leases are divided into three categories – single net leases, double net leases and triple net leases. In the first category, the payment of the tax is the responsibility of the tenant, but the landlord is still in charge of the rest of the expenses. A double net lease makes the tenant responsible for tax and insurance costs, while maintenance costs are still managed by the landlord. Finally, a triple net lease is an agreement where the tenant is held responsible for all the costs of the property, including maintenance.

 

Which property type ?

Whether you are embarking upon a business premises move or a renewal of a lease that has pre-existed on a commercial property, we can help both Landlords and Tenants. We can draft the following leases:

 

-A Retail Shop

-An Office

-A Storage facility

-A Factory

-Any other Commercial Property

 

We have considerable experience in dealing with Leases, so this therefore means we can help prepare a lease a lease that meets your requirements.

 

Our assistance means that you will benefit from expert guidance in the preparation of documents and all related negotiations.

 

For tenants we can can liaise with solicitors of the landlord and the same for landlords dealing with tenants.