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How to create a new leaseholder agreement as a tenant
As a commercial tenant, it’s important that you and the landlord complete the correct documentation so that all terms provided are officially agreed upon.
A leaseholder agreement can be written up and signed with the support of a legal adviser. If any issues arise regarding the terms of the agreement, such as someone breaching them, your legal advisor will take the necessary action.
New business lease as a landlord
As a landlord, there are things you need to be aware of so that the running of your leasehold goes smoothly. We would recommend ensuring you have landlord insurance to cover legal expenses or emergency assistance should there be any unexpected trouble.
As a landlord, you’re also legally required to ensure a valid EPC certificate is available to your tenants.
New business lease as a tenant
As a tenant, you should be prepared to assess and sign a leasehold agreement with your landlord.
This is written up and put in place by a legal expert so that all parties are aware of and agree upon a certain set of parameters for the tenancy. If you fail to follow any signed stipulations, the landlord and their legal advisor will be able to take action against you.
Frequently asked questions
What is a new leaseholder agreement?
A new leaseholder agreement is a contractual agreement signed by the landlord and the tenant when a property is being leased. It's important to choose an expert lawyer with lease experience to support you in protecting your property long term, and ensuring you're getting the best deal. You can also learn more about the cost of agreeing a commercial lease.
Can the terms of a lease be changed?
Yes, lease terms can be changed after the agreement has been signed. Both sides must first agree to any changes that take place before this can be actioned so that no shifts in the regulations are forced upon the other party.
What is lease renewal?
It is recommended to use a solicitor even when renewing a lease, as there are so many instances where things outside your control could have changed since your initial lease was signed. It's also worth being aware that if your new lease is over 7 years, it will need to be registered with the Land Registry.
What legal action can you take for a breach of lease?
Should there be any breach of your leaseholder agreement, action can be taken. This can include claims for damages for any loss suffered due to the breach, an injunction to prevent the leaseholder from continuing to commit the breach, or even forfeiture of the lease if necessary.
How do I get a leaseholder agreement?
To create a leaseholder agreement, speak with a legal expert who will advise you on what you should include in it. Legal support in the creation and signing of this document will ensure you as the landlord and your tenant are clear on the expectations around living in the property.
