HomeConveyancingAssignment of commercial lease

Assignment of commercial lease

Assignment of commercial lease

We provide expert legal support for assigning, taking over, or granting a commercial lease. With Anthony Gold Solicitors, you can be confident that your lease transaction is legally secure and tailored to your needs.

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Conveyancing expertise on the assignment of commercial lease

We offer specialist legal advice on assigning, taking on, or granting a commercial lease, ensuring every detail is managed smoothly. With Anthony Gold Solicitors, you can trust that your lease agreement is legally sound and aligned with your best interests.

Where taking an assignment of commercial lease

We ensure your lease assignment is legally secure and meets all requirements. Our team will review the seller’s documents, investigate the title, negotiate terms, and conduct essential searches. From exchange to post-completion formalities, including Stamp Duty Land Tax and Land Registry registration, we handle every step so you can proceed with confidence. Here’s how we can help:

Obtaining seller’s documents

We will liaise with the seller’s solicitors to obtain all necessary documents, including the lease, title deeds, Replies to Enquiries, and any additional agreements such as a Licence to Assign or Rent Deposit Deed. These documents form the legal foundation of your lease assignment, and we will thoroughly review them to ensure everything is in order before proceeding.

Investigating title & lease terms

We will carry out a full review of the seller’s title to confirm they have the legal right to assign the lease. Additionally, we will examine the lease terms to identify any restrictions, obligations, or liabilities that could affect you, ensuring you are fully aware of your rights and responsibilities before committing to the transaction.

Reviewing & negotiating terms

For you, we will carefully review the assignment contract, negotiate any necessary amendments, and finalise key documents such as the Licence to Assign, Rent Deposit Deed, or any required guarantees. Our goal is to ensure that the terms protect your position and that there are no unexpected financial or legal burdens.

Conducting searches

We will carry out all essential property searches, including local authority, environmental, and drainage searches, to identify any legal, planning, or environmental issues that could impact your use of the property. By reviewing the results in detail, we help you make an informed decision about whether to proceed with the lease assignment.

Providing a clear report

We will prepare a comprehensive report outlining the lease terms, any risks or obligations, and key legal points you need to be aware of. Our advice will be clear and practical, ensuring you fully understand your position and can make decisions with confidence.

Handling exchange & completion

We will oversee the exchange of contracts and ensure all legal requirements are met before completion. This includes liaising with the landlord and relevant parties, ensuring funds are correctly transferred, and making sure all necessary approvals are in place for a seamless transition.

Managing post-completion formalities

For you, we will handle all post-completion steps, including submitting your Stamp Duty Land Tax return to HMRC (if applicable) and registering your lease at HM Land Registry where required. Our team ensures that every detail is properly finalised, so you can focus on your business without worrying about outstanding legal matters.

On the grant of a commercial lease to you

Granting a commercial lease involves key legal steps to ensure your interests are protected. We handle lease drafting, negotiations, legal formalities, and post-completion requirements, ensuring a smooth and compliant process from start to finish.

Drafting lease documents

We will obtain the title and carefully draft the lease in line with your instructions and the agreed Heads of Terms. This includes preparing any necessary supporting documents, such as a Rent Deposit Deed or Licence for Alterations, ensuring all legal requirements are met from the outset.

Deducing title to the property of the tenant’s solicitors

We will compile and submit the title details and relevant property information to the tenant’s solicitors, ensuring they have all necessary documentation to progress the lease transaction efficiently.

Negotiating lease terms

For you, we will thoroughly review the lease terms and negotiate any amendments necessary to protect your interests. We will also assess and finalise related documents, such as Rent Deposit Deeds and Licences, ensuring the lease terms are fair and legally secure.

Responding to enquiries

We will handle all legal and practical enquiries raised by the tenant’s solicitors, providing clear, well-structured responses based on your instructions. Our team ensures that any concerns are addressed efficiently, preventing delays in the transaction.

Keeping you updated

Throughout the process, we will keep you informed of progress, ensuring you are aware of any developments. We take additional instructions where needed and provide practical guidance to ensure a smooth leasing process.

Finalising completion

We will manage the completion of the lease transaction, ensuring that all agreements are properly executed, funds are transferred where required, and legal formalities are fulfilled.

Managing post-completion requirements

For you, we will handle all post-completion formalities, including registering the lease with HM Land Registry (if required) and ensuring compliance with any tax or regulatory obligations, so you can proceed with confidence.

Why consult Anthony Gold Solicitors with the assignment of commercial lease?

Assigning or taking on a commercial lease involves complex legal steps, and our expert solicitors ensure every detail is handled correctly. At Anthony Gold Solicitors, we manage everything from reviewing contracts and negotiating terms to completing the transaction and handling post-completion formalities, giving you confidence that your lease is secure and works in your best interests.

Expertise you can trust

Our commercial property solicitors have extensive experience in the legal, financial, and practical aspects of commercial lease assignments. We have assisted clients ranging from small business owners to large corporations, ensuring that their lease transfers are legally sound, properly negotiated, and aligned with their business objectives. With our expert guidance, we make the process smooth and secure at every

Client-centred approach

Our clients are our priority. We take the time to understand your specific needs and provide clear, practical advice to ensure your lease assignment is handled smoothly. Complex legal terms are explained in straightforward language, keeping you informed at every stage so you can make confident decisions with ease.

Thorough & proactive legal support

We take a forward-thinking approach, identifying potential issues early and resolving them before they become problems. By addressing challenges in advance, we help you avoid delays, unforeseen costs, and legal complications, ensuring a seamless and stress-free lease assignment process.

Comprehensive service offering

Assigning a commercial lease requires careful legal handling, from reviewing documents and conducting due diligence to negotiating terms and completing the transfer. We oversee every stage, ensuring all legal requirements, enquiries, and approvals are properly managed. With our expertise, you can be sure your lease assignment is legally secure and meets your business needs.

A reputation for excellence

Our dedication to quality and client-focused service has built our strong reputation in commercial lease assignments. We prioritise accuracy and safeguarding your interests, ensuring a smooth and secure transaction. With Anthony Gold Solicitors, you have a team committed to delivering the best results for you and your business.

Thinking about taking a commercial lease for your business? Contact us

If you are interested in instructing our Commercial Conveyancing solicitors to manage the process of getting a commercial lease for your business, you can send us an enquiry at mail@anthonygold.co.uk or call 020 7940 4060 and ask for our Conveyancing Department. One of our lawyers will be in touch shortly with the next steps.

Words from our clients

Thanks to Andrew Weir and Timothy Waitt, I’m glad to have instructed both solicitors to handle my case. I understand how challenging it was to negotiate the complicated dispute between the landlord and tenant, and I’m glad this matter has been resolved satisfactorily. I will certainly be in touch for similar matters and legal advice on those issues.

Conveyancing Client

I have used Anthony Gold solicitors for conveyancing over many years now and have just completed another house purchase through partner, Andrew Weir. As usual the service and expertise provided was first class and I would recommend them to anyone without hesitation.

Conveyancing Client

Andrew was always available to take my calls and promptly responded to my emails. Andrew is a pleasure to deal with. He is an experienced conveyancer and handled my transaction seamlessly. He is unlike a regular “charge by the minute” character. He is approachable and kind.

Conveyancing Client

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Meet the team

Meet our team of solicitors who are experts in their field.

Head of Department
Andrew Weir

Head of Department

Partner
Stephen Whitaker

Partner

Partner
Philip Cartin

Partner

Associate
Nickiesha Carter

Associate

Trainees & Paralegals
Nishat Rohim

Trainees & Paralegals

Trainees & Paralegals
Lesley Brennan

Trainees & Paralegals

Lawyer
Lucy Giles

Lawyer

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Leasing Business Premises – Commercial Conveyancing FAQs

  • What should I check before signing a commercial lease agreement?

  • How can I negotiate better terms for my commercial lease?

  • What is a break clause, and how does it benefit me?

  • How often can the rent be reviewed, and what should I expect during a rent review?

  • Can I sublet my commercial property to another business?

What should I check before signing a commercial lease agreement?

Review key terms like rent, break clauses, repair obligations, and security of tenure. Be mindful of service charges, restrictive covenants, and notice periods. Having a solicitor review the lease ensures there are no hidden issues and that it meets your business needs.

How can I negotiate better terms for my commercial lease?

Negotiation is about securing flexibility and protection. Consider asking for a rent-free period, caps on service charges, or flexible break clauses. Having a solicitor negotiate on your behalf can help identify and amend any unfavourable terms, improving your overall position.

What is a break clause, and how does it benefit me?

A break clause allows the lease to end early if certain conditions are met. It offers tenants flexibility if business needs change and gives landlords the option to regain control of the property. Clear drafting is crucial to avoid disputes over the terms.

How often can the rent be reviewed, and what should I expect during a rent review?

Rent reviews usually happen every three to five years. The goal is to adjust rent to current market rates, often involving surveyors. Understand the review basis and any caps or increases. A solicitor can help ensure fair adjustments and avoid unexpected hikes.

Can I sublet my commercial property to another business?

Subletting can be a good option if you don’t need the full space, but it often requires landlord approval and compliance with lease terms. A solicitor can guide you through the process, draft the necessary agreements, and help avoid legal issues.

What should I check before signing a commercial lease agreement?

Review key terms like rent, break clauses, repair obligations, and security of tenure. Be mindful of service charges, restrictive covenants, and notice periods. Having a solicitor review the lease ensures there are no hidden issues and that it meets your business needs.

How can I negotiate better terms for my commercial lease?

Negotiation is about securing flexibility and protection. Consider asking for a rent-free period, caps on service charges, or flexible break clauses. Having a solicitor negotiate on your behalf can help identify and amend any unfavourable terms, improving your overall position.

What is a break clause, and how does it benefit me?

A break clause allows the lease to end early if certain conditions are met. It offers tenants flexibility if business needs change and gives landlords the option to regain control of the property. Clear drafting is crucial to avoid disputes over the terms.

How often can the rent be reviewed, and what should I expect during a rent review?

Rent reviews usually happen every three to five years. The goal is to adjust rent to current market rates, often involving surveyors. Understand the review basis and any caps or increases. A solicitor can help ensure fair adjustments and avoid unexpected hikes.

Can I sublet my commercial property to another business?

Subletting can be a good option if you don’t need the full space, but it often requires landlord approval and compliance with lease terms. A solicitor can guide you through the process, draft the necessary agreements, and help avoid legal issues.

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© Anthony Gold Solicitors LLP. All rights reserved. Anthony Gold Solicitors LLP is a limited liability partnership registered in England and Wales with registered number OC433560 and is authorised and regulated by the by the Solicitors Regulation Authority with registration Number 810601

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