Fixed Fee Lease Extension Solicitors

At Wembley Solicitors, we understand that clarity and transparency are essential when it comes to lease extensions. That's why we offer fixed-fee lease extension services throughout England and Wales, ensuring that you have a clear understanding of the costs from the very beginning.

Our affordable commercial lease extension solicitors in London charge a fixed fee between £1,000 to £1,500 plus VAT for the complete lease extension services.

No matter where your commercial property is, our fixed-fee lease extension solicitors in London provide legal services throughout England and Wales.

For affordable & reliable commercial lease extension services, contact our lease extension solicitors in London at 0203 417 3700 to schedule a consultation.

Table of Contents

1. What is a commercial lease extension?
2. What is a fixed-fee commercial lease extension?
3. Why choose fixed-fee services for your lease extension?
4. What is included in the fixed fee lease extension services?
5. 5 key points of a commercial lease extension that landlords and tenants should understand
6. When should you extend a commercial lease?
7. How long does a commercial lease extension take in the UK?
8. What costs are involved in a lease extension?
9. How much are solicitors' fees for a lease extension?
10. Why choose our lease extension solicitors?
11. Frequently Asked Questions (FAQs)
12. Need legal advice & assistance?

What is a commercial lease extension?

A commercial lease extension refers to the process by which the term of an existing commercial lease agreement is prolonged beyond its original expiration date.

This extension allows the tenant to continue occupying the leased premises for an additional period, typically subject to negotiated terms and conditions. A lease extension can be initiated by either the landlord or the tenant, depending on the terms of the original lease agreement and the mutual agreement of both parties.

What is a fixed-fee commercial lease extension?

A fixed-fee commercial lease extension refers to a service provided by our lease extension solicitors where we handle the legal process of extending the lease on a commercial property for a predetermined fee. This fee is agreed upon in advance and covers all the legal services related to the lease extension.

Why choose fixed-fee services for your lease extension?

With our fixed fee arrangement, the legal costs associated with your lease extension are transparent and predictable, allowing you to budget effectively without any surprises.

By choosing our fixed-fee lease extension services, you can have peace of mind knowing that there will be no hidden costs or surprises along the way. Our pricing structure is designed to provide you with an accurate estimate upfront, allowing you to plan your budget accordingly.

Our team of lease extension solicitors in London has extensive knowledge and experience in navigating the lease extension process. We believe in delivering value for money, without compromising on the quality of our work.

For reliable and affordable lease extension services, contact our team at Wembley Solicitors today. Call us at 0203 417 3700 to schedule a consultation and take the first step towards securing your property's future.

What is included in the fixed fee lease extension services?

Our fixed fee typically includes all legal advice, negotiations, and drafting of commercial lease extension agreements. You'll need to pay all the disbursements related to your lease extension separately in addition to our legal fee.

Our lease extension solicitors will provide a detailed breakdown during our initial consultation.

5 key points of a commercial lease extension that landlords and tenants should understand

Here are key points that both landlords and tenants should understand when considering a commercial lease extension:

1. Rent Review Mechanisms
2. Break Clauses
3. Alterations and Improvements
4. Legal Costs
5. Compliance with Regulations

Rent Review Mechanisms

Both landlords and tenants should understand how rent reviews will be conducted during the extended lease term, including frequency, basis for calculation, and any caps or floors on rent increases.

Break Clauses

The presence of break clauses allows either party to terminate the lease early under certain conditions. Both landlords and tenants should understand the implications of break clauses and negotiate them carefully.

Alterations and Improvements

Consideration should be given to any alterations or improvements made to the property during the original lease term and how they will be treated in the lease extension.

Legal Costs

Both parties should be aware of any legal costs associated with the lease extension, including solicitor's fees, fees for commercial property searches, and Land Registry fees, and negotiate how these costs will be apportioned.

Compliance with Regulations

Ensure compliance with all relevant regulations and legislation governing commercial leases, including the Landlord and Tenant Act 1954 and any local planning regulations.

By understanding these key points, landlords and tenants can navigate the commercial lease extension process more effectively, ensuring a mutually beneficial outcome that supports their respective business objectives.

When should you extend a commercial lease?

Begin considering lease extension options well in advance (around 6 to 12 months) of your lease expiration date to allow sufficient time for negotiation and decision-making.

Conduct a thorough review of your current lease terms and seek legal advice to understand your rights and obligations before initiating lease extension negotiations.

How long does a commercial lease extension take in the UK?

In the UK, the commercial lease extension process usually takes from 4 to 12 months, from the decision to extend to the completion of the registration process.

The duration of a commercial lease extension process in the UK can vary significantly based on several factors, including the complexity of the negotiations, the responsiveness of the parties involved, and whether the lease is protected under the Landlord and Tenant Act 1954.

What costs are involved in a lease extension?

Here's a breakdown of the main costs associated with the extension of the lease:

• £1,000 - £1,500 solicitors’ fee for legal advice and lease extension services.
• £300 - £400 cost for commercial property searches. Important to identify any potential risks, liabilities, or restrictions before a transaction is finalised.
• £20 - £50 fees for registering the lease extension with the Land Registry.

There may be additional costs involved with the extension of the lease. Schedule a consultation with our lease extension solicitors by calling 0203 417 3700 for a detailed breakdown.

How much are solicitors' fees for a lease extension?

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

Our fixed-fee commercial lease solicitors in London charge an affordable fixed fee between £1000-£1500 plus VAT for an extension of the lease.

Why choose our lease extension solicitors?

Choosing the right lease extension solicitors in London is crucial to ensure a smooth and successful lease extension process.

At Wembley Solicitors, we offer a range of benefits that set us apart from the competition. From affordable fixed-fee services to expert guidance, we provide the best possible experience for our clients.

• We have extensive knowledge and experience in drafting and negotiating commercial leases.
• Our commercial lease solicitors provide legal services on a fixed fee basis without blowing your budget and with no hidden costs.
• We provide professional legal advice and assistance at every step and keep you updated as your matter progresses.
• We provide legal services remotely throughout England and Wales. You do not need to physically attend our office.
• We have a team of qualified and accredited solicitors.
• We are authorised and regulated by the Solicitors Regulation Authority (SRA), so you know you are in safe hands.

Contact Wembley Solicitors at 0203 417 3700 and let our lease extension solicitors in London secure the future of your commercial property with confidence.

Frequently asked questions