Most businesses are associated with a premises. Whether it is a warehouse, office space or retail shop front. When buying or selling a business with an associated premises, it is essential that the lease is correctly assigned before the sale of the business is complete.
As a seller, you must ensure that you are released from any future obligations under the lease and in particular, that any personal guarantees you have provided, are released.
As a buyer, signing or taking an assignment of a lease, imposes significant obligations and responsibilities on you. It is therefore critical to obtain independent legal advice to understand the provisions within the lease and what that means for you and your business. Our lease reviews include a full written advice together with negotiations with the Lessor (landlord) on any changes required.
Whether your lease is a Retail Shop Lease or a commercial lease for a warehouse, factory, office or a commercial building, we can review, advise, negotiate, and settle your commercial leasing arrangements so that your best interests are legally protected. Liaising with all parties involved in the lease assignment process can be complicated. Our experienced lawyers will ensure that you navigate every step of the way as smoothly as possible.