Landlord & Tenant

img1Commercial leases

The rights and responsibilities of the Landlord and the Tenant in a Lease of business premises are in part set out in the Lease itself. The lease will be subject to the provisions of the Landlord & Tenant Act 1954, and to the Common Law: that is the precedents arising from court judgments.

The precise wording of each clause in the lease is important. Time limits in Leases and in the statutory procedures are absolute and failure to comply with them is likely to prejudice the rights of the party in default.

The detailed provisions of the Lease are of great importance to both the Landlord and the Tenant. They need to provide adequate protection to the Landlord of its capital investment and rental income but must not be unduly onerous to the Tenant. They need to strike a balance and be proportionate to the value of the premises, the amount of the rent and the length of the Lease.

Barrow & Cook are able to advise both Landlords and Tenants regarding the grant, renewal and termination of Leases of Business Properties.

If you think we can assist you please contact Keith Jones for an appointment.