Buying or Selling Commercial Property

If you are buying a commercial property, JMS Solicitors can actively lift the burden of dealing with legal issues involved. Whether you own a business or are planning to set up a new business in the future, you can rely on our proactive approach, efficiency and great customer service.

We also offer the best possible advice and guidance throughout the matter. Furthermore we can negotiate terms of any new contract or leases on your behalf to get the best possible result to suit you.

Our services include negotiating new leases, lease options, re-newing leases and ending leases, assignments of leases, rent reviews and break clauses and sale and purchases of businesses and commercial EPCs.

If you are looking to buy, lease or sell a premises our prices are very competitive and can start from as little as £650 +VAT. Call to discuss your requirements on Freephone 0800 781 7057.

We will ensure that:

1. the title is good and can be passed on to you by the seller
2. contractual terms are negotiated and obtained and favour you
3. searches are carried out and check for any problems with the property
4. correspond with your lenders

If you are selling a commercial property, JMS will:

1. prepare a sales contract
2. answer any queries from the buyer’s legal team
3. negotiate and reach a binding agreement
4. complete and secure money on your behalf

New leases for shops or offices

If you are entering in to a commercial property lease, JMS will:

1. check the terms of the commercial property lease
2. negotiate the terms to minimise your costs or risk as a tenant

Assignment of leases

Most leases of commercial buildings give the tenant the right to sell the lease but this right is usually conditional upon having the consent of the landlord. In most cases the landlord has to give consent unless it would be unreasonable not to do so. This means that there are two distinct documents required to effect an assignment of a lease. JMS will complete these on your behalf:

1. the 'Assignment' - this is the document which passes ownership of the lease from the seller to the buyer
2. the 'Licence to Assign' - this is the document whereby the landlord gives consent to the Assignment

Selling the lease, referred to as ‘assigning the lease’ is different to subletting. Assigning a lease means you transfer the existing lease, whereas subletting means that a new lease is granted out of the head lease. If you are entering into a lease agreement, JMS will advise what type of lease you are being offered.

JMS will also deal with issues after completion, on your behalf, such as registering the property with land registry (with leases where the lease is 7 years or more)

Landlord or tenant disputes

Whether a landlord or a tenant, disputes about commercial leases may affect your investment or livelihood. You should take legal advice as early as possible. JMS will be able to give landlords quick and cost-effective advice on such matters as what to do if your tenant:

1. gets behind with his rent
2. fails to do repairs
3. breaks the terms of their lease

How much will it cost me?

We use a fixed fee system. When you contact us for a quotation you can also rest assured that the fee we quote to you is competitive, and more importantly, is the fee you will actually pay!

If you are a landlord or a tenant, JMS will be able to advise and the recommend the best course of action for an early resolution. For a consultation call us today on Freephone 0800 781 7057.