PROPERTY

Leasehold

Modern leases are complex documents. Relevant law and market practice are ever changing in order to accommodate the additional flexibility demanded by business tenants in today's economic climate. For a landlord, a defective, or merely inadequate lease can severely affect the marketability and value of his interest in the property. For a tenant an exceptionally onerous lease could severely affect the profitability of his business. The tenant must also be aware that his obligations may continue after disposal of the lease (notwithstanding the principle of privity of contract) and we will advise upon the best way to minimise this liability.

We act for both landlords and tenants and can give swift practical advice on all types of leasehold transactions. Working closely with other divisions in the firm we offer advice on value added tax and other taxation implications where appropriate and will negotiate the terms of the documentation to your best advantage within commercial time constraints and the reality of the market place.