What is a commercial lease?
At Alison Law Solicitors we have a dedicated team of Solicitors to handle all aspects of commercial leases. Whether you are a landlord or tenant, we can assist on both sides of the spectrum.
If you want to rent a new business property, or you have a tenant who wants to leave, renew or alter the lease, or you’re having a problem with dilapidation, service charge arrears or a potential forfeiture, you need expert legal help!
We take a practical and commercial approach aimed at helping you complete your commercial property deals quickly, with confidence and value for money.
Through building a close individual working relationship with our clients, our experienced commercial property team aim to understand your businesses and commercial ambitions.
We provide assistance to both Landlords and Tenants and can provide help with the following;
For Landlords
Drafting a new lease
Renewing an existing lease
Rent Reviews
Rent Deposit Deeds
License for alterations
License of Assignment
Forfeiture proceedings
For Tenants
Approving and Reviewing a New lease
Approving and Reviewing Rent Deposit Deed
Renewing an existing lease
Assigning a lease
Buying a business
The above list is not exhaustive but covers most eventualities. We offer tailor made solutions no matter the scope of your problem.
We will notify you as soon as possible should we become aware of any matter that is not included within your price as quoted. Please note that our fixed fees (Agreed Fees) are payable whether or not your intended lease completes.
Prices
| Landlords | |
| Type of Work | Price |
| Drafting Leases | £3,500 plus VAT |
| Drafting Rent Deposit Deed | £1,00 plus VAT |
| Drafting Licence to Assign | £2,500 plus VAT |
| Deed of Variation | £1,250,00 plus VAT |
| Deed of Surrender | £750,00 plus VAT |
| Other Documents | £ price varies according to work type |
| Tenants | |
| Type of Work | Price |
| Approving Leases | £2,000 plus VAT |
| Drafting Leases | £3,500 plus VAT |
| Approving Rent Deposit Deed | £750,00 plus VAT |
| Approving Licence to Assign | £1,500 plus VAT |
| Deed of Variation | £1,250,00 plus VAT |
| Deed of Surrender | £750,00 plus VAT |
| Other Documents | £ price varies according to work type |
| Assignor | |
| Type of Work | Price |
| Drafting Deed of Assignment | £2,000 plus VAT |
| Approving Deed of Assignment | £1,500 plus VAT |
| Approving Rent Deposit Deed | £750,00 plus VAT |
| Drafting Asset Purchase | £1,500 plus VAT |
| Drafting Goodwill Document | £1,500 plus VAT |
| Deed of Variation | £1,000 plus VAT |
| Other Documents | £ price varies according to work type |
| Assignee | |
| Type of Work | Price |
| Drafting Deed of Assignment | £2,500 plus VAT |
| Approving Deed of Assignment | £1,800 plus VAT |
| Drafting Rent Deposit Deed | £1,000 plus VAT |
| Approving Asset Purchase | £1,000 plus VAT |
| Drafting Asset Purchase | £1,800 plus VAT |
| Approving Goodwill Document | £1,250 plus VAT |
| Drafting Goodwill Document | £1,750 plus VAT |
| Deed of Variation | £1500 plus VAT |
| Other Documents | £ price varies according to work type |
The above prices does not include your stamp duty charges and charges for registration of leases. Our legal charge for registering the lease or any work associated with land registry is £300 plus VAT. We estimate the land registry fees to be between £45 to £500.00, and No VAT is chargeable. If we are required to undertake ID checks, we charge an additional amount of £75.00 plus VAT per person. The fee is dependent on the work type. For example, the costs of registering a new lease could be £45.00.
As to the stamp duty fees we cannot provide any estimation as this is case dependent.
Our prices does not include VAT. VAT rate is currently set at 20%.
Disclaimer
Please note, our prices are subject to change if the work appears to be more complex. This is simple an indication of what our prices may be and does not include any additional or unforeseen circumstances. We will always advise you of our charges from the outset.
