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commercial real estate

Lettings lawyers in London & Thames Valley


Whether you are a landlord or a tenant, letting or renting a commercial property can often involve a variety of complex issues. Our commercial real estate team can provide support from negotiating terms to completion of the transaction. 

We are experienced in property management for business parks, shopping centres and all types of commercial property and proud of our expertise in retail, leisure and restaurant lettings as well as public sector projects, notably in the fields of health and education. 

“They are knowledgeable, friendly, efficient and a pleasure to work with.” 

Chambers and Partners

FAQs- Lettings

When a lease is outside the Landlord and Tenant Act 1954, it means the lease is granted without security of tenure. Security of tenure means the tenant has an automatic right to renew a lease when it expires, on similar terms but at market rent, unless the landlord is able to regain access of the property by exercising certain statutory grounds and stop a new lease being granted. When a lease is outside this Act, the automatic right to renew the lease is lost and the tenancy will either terminate on expiry, or a new lease will need to be negotiated.

The lease terms will determine the extent of your repairing liability, so thorough negotiation and drafting is required to limit these as far as possible. One specific solution might be to attach a photographic schedule of condition, documenting the state of the property at the time the lease was granted. Appropriate wording in the lease can then limit your repairing obligations, so that you do not need to keep the property in a better state and condition than evidenced by the schedule of condition.

Possibly. Rental income can be exempt from VAT, but there are complex rules governing when VAT is chargeable or not. Many landlords voluntarily opt to tax their commercial buildings which would usually mean that VAT would be payable on rent. We would advise seeking specialist tax advice, if necessary.

There are a few options. You could agree to surrender the lease with your landlord or otherwise seek to vary your lease to shorten the term or add in an early break right. Unfortunately, the landlord would need to agree to these resolutions otherwise you are tied into your lease until it terminates.

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Read, listen and watch our latest insights

  • 16 November 2023
  • Commercial Real Estate

Navigating Telecom agreements: landlords beware

A telecommunications agreement, or wayleave agreement, is a contract between a service provider and a landowner which allows the service operator access to install infrastructure on the privately owned land, in return for wayleave fees.

  • 20 September 2023
  • Commercial Real Estate

Is your property mixed use? Commercial buyers beware of higher residential SDLT

This article discusses a recent case in which a property buyer calculated the Stamp Duty Land Tax due on the purchase at a lower rate, due to the mixed-use purpose of the property.

  • 08 August 2023
  • Commercial Real Estate

Non-binding Head of Terms

The Court of Appeal Case of Pretoria Energy Company (Chittering) Ltd v Blankney Estates Ltd found that a lease clause within a Heads of Terms document was not binding.

  • 11 July 2023
  • Commercial Real Estate

What licences do you need to open a restaurant?

Opening and operating a restaurant can be an exciting venture, but it also involves navigating various legal requirements. One crucial aspect of operating a restaurant is obtaining the necessary licences and permits.

  • 12 June 2023
  • Commercial Real Estate

Conditionality in Agreements for Lease

It is not always possible or desirable for an agreement for lease to be unconditional.  Often, there is a need for an agreement for lease where the ultimate grant of the lease is conditional upon certain conditions being satisfied. 

  • 10 May 2023
  • Commercial Real Estate

Good news for landowners – deposit statement introduced to protect against town green registration

For many years it has been possible under Section 31(6) of the Highways Act 1980 to deposit a statement and map with the local highway authority setting out any public rights of way which are registered as crossing a piece of land.

We have always been impressed with the speed and reactivity displayed by the Clarkslegal Commercial Property team and their ability to make complex situations seem more straightforward.” 

Crown Europe

“It has been an immense pleasure to work closely with this firm that takes great care of its clients. The professionals are of the highest calibre and diligence.” 

Orkhan Eyyubov, Founding Director – New Canada Capital