Fixed Fee Commercial Lease Solicitors

Our experienced fixed-fee commercial lease solicitors in London provide legal advice & help with all aspects of commercial lease matters on a fixed-fee basis.

Wembley Solicitors in London offers commercial lease services at an affordable fixed fee of £1,000 to £1,500 (plus VAT), covering all aspects of leasing.

Our London-based property solicitors provide a wide range of services such as renewal or extension of commercial leases, negotiations, deed of variation, commercial subleases, dilapidations, and more.

Are you looking for a commercial property lease solicitor in the UK? Please contact our fixed-fee commercial lease solicitors in Wembley, London today.

No matter where your commercial property is, our commercial lease solicitors provide legal services regarding commercial leases throughout England and Wales.

Table of Contents

1. What is a commercial property lease?
2. What do commercial property solicitors do?
3. What are the types of commercial leases?
4. What are the costs involved in a commercial property lease?
5. How much do solicitors charge for a commercial lease?
6. What is a fixed fee for commercial lease services?
7. Benefits of fixed-fee commercial lease solicitors
8. What's typically covered in a fixed-fee commercial lease package?
9. Why choose Wembley Solicitors for a commercial lease agreement?
10. Frequently Asked Questions (FAQs)
11. Need Legal Advice & Assistance?

What is a commercial property lease?

A lease of commercial property is a type of legal agreement specifying all the terms and conditions under which a landlord let out a property to be used by a tenant.

By agreeing and signing the commercial lease agreement, the tenant will have permission to use the property for business activities and in return, the tenant needs to pay the money to the landlord in accordance with the terms of the agreement.

What do commercial property solicitors do?

Our team of commercial lease solicitors in Wembley, London deals with all legal aspects of commercial property leases.

Our commercial lease services include, but are not limited to:

What are the types of commercial leases?

The absolute net lease, triple net lease, modified gross lease, and full-service lease are the four most common types of commercial property lease.

1. Absolute net lease
2. Triple Net lease
3. Modified Gross lease
4. Full-service lease

Absolute net lease

Absolute net lease means the lessee/tenant will be responsible for all the commercial property related expenses in addition to the property rent. Landlord will not be responsible for anything.

Triple Net lease

A Triple Net lease is like an Absolute Net lease. The only difference is that in a Triple Net lease, the tenant may not pay for expenses directly. This means the landlord pays some expenses in advance and at the end calendar or fiscal year, the tenant provides full reimbursement for those expenses.

Modified Gross lease

Modified Gross lease where landlords are responsible for most of the property operating expenses such as insurance, taxes, etc. while tenants bear some other expenses such as utility bills, interior maintenance, etc.

Full-service lease

A full-service lease is where landlords are responsible for everything including commercial property taxes, property insurance, utility bills, interior maintenance costs, and so on.

What are the costs involved in a commercial property lease?

There are 6 main costs & expenses you should consider carefully before entering into any commercial property lease agreement:

1. Rent and service charges
2. Any repair or alteration costs
3. VAT on rent where the lessor/landlord is a VAT-registered company
4. Commercial property insurance costs
5. A solicitor or surveyor's legal fees and disbursements
6. Business rates

How much do solicitors charge for a commercial lease?

At Wembley Solicitors, we offer affordable commercial property lease related services on a fixed fee basis with no hidden costs or nasty financial surprises.

Our commercial lease solicitors charge a fixed fee from £1000-£1500 (Plus VAT) for complete legal services regarding the lease of your commercial property.

What is a fixed fee for commercial lease services?

A fixed fee is a set price for legal services on commercial leases. It's not based on hours worked. Instead, a solicitor quotes a fixed fee for a specific job, like reviewing or drafting a lease.

This way, you know the cost upfront. It helps you manage your legal expenses better.

Benefits of fixed-fee commercial lease solicitors

• Cost Certainty: You won't face surprise costs with a fixed fee. This is great for small businesses on tight budgets.
• Transparency: Solicitors clearly state what's included and any extra costs before starting work.
• Incentive for Efficiency: Solicitors work faster with fixed fees. You get quality service quicker than with hourly billing.
• Easier Budgeting: A fixed fee makes budgeting simpler. You can plan your business expenses better without worrying about legal costs.

What's typically covered in a fixed-fee commercial lease package?

Fixed-fee packages vary by solicitor and lease complexity. A standard package might include:

• Lease Review: A detailed check of the lease to spot any risks or obligations.
• Negotiation Advice: Help in negotiating terms to meet your business needs.
• Drafting and Revision: Creating or changing terms to fit your needs, including rent and repair clauses.
• Compliance Advice: Making sure your lease follows UK property law and advising on obligations.

Why choose Wembley Solicitors for a commercial lease agreement?

Frequently Asked Questions