Commercial Lease Transfer Solicitors in Southampton
“Great service from the team at Leonards, friendly and efficient!! They did a fantastic conveyancing job on my commercial property, would highly recommend and most definitely use them again!! 5*”
Commercial Property Solicitors for Commercial Lease Transfers
Our specialist Commercial Lease Transfer Solicitors in Southampton work with commercial landlords and tenants on the assignment of a commercial lease. We understand that are many reasons, for both parties to want to transfer a lease to someone else. Rest assured, we will explore your circumstances and apply our knowledge in making sure that the lease is transferred smoothly.
Some lease agreements prohibit assignment, and therefore it is important to understand any relevant clauses in the document to identify what the lease will allow. Restrictions on assignment are usually covered under what is known as the ‘alienation clause’. Understandably, a landlord will want to control who is occupying their premises. Nevertheless, our commercial lease transfer solicitors can help you understand any clauses within your agreement, and even negotiate a way forward so that all parties can be satisfied with a solution.
If you’re the tenant, you will need to obtain the permission from your landlord to assign the lease to another. You may know another business that is looking to take over your lease, but before you proceed to the landlord, you should be realistic in whether their business is suitable for the premises. For example, if your business operates as an office, but the prospective tenant is a builder’s merchant, then your landlord may not agree to the assignment based on the suitability of the premises.
The are many other reasons a commercial landlord may refuse to transfer a lease. Typically, these decisions are based on affordability or lack of references. Our commercial lease transfer solicitors can provide clear advice to you on moving forward if this is the case.
If your landlord agrees to the assignment, it may be on the condition of terms, but generally, these are better than dealing with a break clause. Usually, a lease transfer is the most feasible option, but you will need an expert to help you understand the process and all the options available to you.
Whatever the reasons for your assignment, get in touch with us to find out how we can help. Submit your enquiry on our online contact form or call the office on 023 8023 4433 during office hours.
In addition to the advice from our Commercial Lease Transfer Solicitors, you may also find these websites useful:
