We are currently unable to take on new Commercial Property business as our Commercial Property Solicitor Stewart Barratt has retired. We hope to have this position filled again soon and we will keep you posted.
In the meantime, we apologise for any inconvenience this causes.
Commercial property/premises can be a major asset and an expensive and stressful challenge.
The laws surrounding commercial property and your responsibilities are complex. Property can be purchased outright (freehold) or rented for a fixed time (leasehold). Leasehold agreements are often the cheapest and simplest way to acquire business premises. However the terms within the agreement can be fraught with dangerous and expensive commitments for the unwary. The terms could include full responsibility for repair and maintenance, unexpected service charges or a long break clause. Therefore you may want terms to include the right to assign the lease to another tenant or to sublet the premises.
At Acorn, we are here to look after your interests and are able to alert you to potential costly pitfalls ensuring you get the best terms available that suit your business needs. Should you be considering purchasing commercial property for investment or as premises then our highly trained solicitors can ensure that all is in order and there are no surprises. Please just give us a call.