New Lease (landlord)

What else you might like to know about New Lease (landlord)

If your business is letting out a commercial property, a legal service provider is well placed to handle documentation and agree tenancy terms on your behalf. Here is some basic advice and guidance to inform your choice of legal expert. 

What is a leaseholder agreement?

A leaseholder agreement is a contract that is signed by both the landlord and tenant when a property is leased. The agreement outlines the terms of the lease in detail, ensuring that both parties know their obligations and responsibilities. 

What points should be included in a leaseholder agreement?

When a landlord is seeking to draw up a new leaseholder agreement there are certain points and stipulations that need to be included. Terms of use, terms of rent payment and termination procedures are standard features of leaseholder agreements. 

How can a legal service provider help?

A legal expert will advise on what should be included in a leaseholder agreement before it is given to a tenant to sign. They can also liaise with representatives of the tenant if necessary as well as taking further action if the terms of the agreement are broken at any time. 

How should I choose a legal expert?

You should choose a legal service provider with considerable experience in the renting of property for commercial purposes. It is also worth considering the location, reputation and cost of a firm before making your decision.

 

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What happens if a tenant breaks the agreement?

If a tenant breaks the terms of a leaseholder agreement then you should consult your legal service provider immediately. You may be able to resolve any issues through the use of mediation or other conflict resolution methods. If mediation fails, then court proceedings may be required.