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Break Clauses in Leases – What do they do?

Break Clauses in Leases – What do they do?

In leases, break clauses serve as crucial provisions that provide flexibility for both landlords and tenants. These clauses can allow either or one party to terminate the lease before the expiration of the fixed term, this is usually subject to complying with certain...
How to negotiate a turnover rent for retail premises

How to negotiate a turnover rent for retail premises

Turnover rents are increasingly common in retail lettings.  In challenging times, they appeal to tenants because both the landlord and tenant share the risk of trade being adversely affected by the state of the wider economy.  Landlords would prefer a guaranteed fixed...
Liability of former commercial tenants and guarantors

Liability of former commercial tenants and guarantors

If your tenant defaults on the rent or breaches their commercial lease in some other way, you may be able to call on a former tenant or a guarantor to pay arrears or remedy breaches. This will only be possible if you follow the correct process and act promptly. The...
Is your commercial property sub-standard?

Is your commercial property sub-standard?

The minimum energy efficiency standards (MEES) regulations have changed with effect from 1 April 2023. A landlord of sub-standard non-domestic private property must not continue to let the property (on or after 1 April 2023), unless either of the following apply: A. ...
Wollens Solicitors Exeter – We have moved !

Wollens Solicitors Exeter – We have moved !

Wollens are delighted to announce that we have made our move from Cathedral Yard in Exeter city centre into new office space conveniently situated at Pynes Hill, Exeter. The new space has been fully refurbished and designed to create an inspiring, exciting, and...
Selling spare land on a commercial site

Selling spare land on a commercial site

If you own a commercial property which is larger than you need, selling part of it could be a good way to release value.  Before you start, it is vital to have a clear idea of how the division will work from a practical point of view. This will ensure you do not end...