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An incorrect rent review document could be costly.

An incorrect rent review document could be costly.

To correct or not to correct? That was the question for the Court of Appeal in the recent case of MonSolar IQ Ltd v Woden Park Ltd [2021], when faced with an incorrectly drafted rent review provision which could have increased the annual rent from £15,000 to £76...
Ten key negotiating points when taking a new commercial lease

Ten key negotiating points when taking a new commercial lease

When a landlord and tenant try to settle the terms for a new commercial lease, each party will have clear objectives.  The landlord wants a secure income stream and confidence that the property will be left in good condition at the end of the lease.  The tenant wants...
Extending your commercial property

Extending your commercial property

If your business is expanding, you may have outgrown your current premises.  Before you start looking for a new site, it is worth investigating whether you could extend your existing property.  Depending on the site and the nature of your building, you may be able to...
Legal tips for optimising the sale value of commercial property

Legal tips for optimising the sale value of commercial property

If you are reviewing your commercial property portfolio, you may decide that the time is right to sell some of your property.  It goes without saying that you will want to get the best possible value from the sale.  Prices are strongly affected by the local property...
Can I change the use of my business premises?

Can I change the use of my business premises?

If the pandemic has left you with empty commercial property, now could be a good time to look for alternative uses.  To help businesses make the best use of commercial property, the Government has made the planning rules more flexible so that it is now possible to...
Exiting your commercial lease – what are the options?

Exiting your commercial lease – what are the options?

‘If your business is struggling and you lease your premises, it might be tempting to simply hand back the keys and walk away from your lease,’ says Ashley Bevans commercial property solicitor with Wollens. ‘However, ending your obligations under a lease is not that...