Expert Solicitors for New Commercial Lease Transactions

A straightforward new commercial lease transaction typically takes 4-6 weeks from instruction to completion. More complex transactions involving negotiations or unusual lease terms may take longer. Our solicitors provide a timeline estimate when we understand your transaction requirements.

While not legally required, having a solicitor for a new commercial lease transaction is strongly recommended. Commercial leases are complex legal documents with significant financial implications. A solicitor protects your interests, identifies risks, and ensures you understand your obligations before you commit.

Our solicitors conduct several due diligence checks for new commercial lease transactions. These include reviewing the Land Registry title to confirm ownership, checking for registered charges or restrictions, verifying planning permissions match your intended use, and investigating any potential environmental issues affecting the property.

Costs include our solicitor's fees, Land Registry registration fees, Stamp Duty Land Tax (where applicable), and search fees. We provide a detailed cost estimate before starting work. For a typical new commercial lease, total costs are usually between £1,500 and £3,000 plus VAT, depending on the complexity of the transaction.

No. Our solicitor for a new commercial lease transaction must act exclusively for either the landlord or the tenant, not both. Acting for both parties creates a conflict of interest. If you are a landlord seeking representation, we act for you; if you are a tenant, we act for you. We do not act for both sides in the same transaction.

On completion day, our solicitor transfers the completion funds to the landlord's solicitor, receives confirmation from them, and confirms you can take occupation of the premises. We then register the lease at Land Registry and deal with any Stamp Duty Land Tax filing. You receive the keys and the signed lease documents.