A Tenant's Practical Guide to Commercial Leases
Reducing property occupier costs, avoiding unforeseen liabilities and ensuring the use of premises remains flexible to service the needs of the business (and to maximise trade) have always been vital. In an increasingly competitive and cost sensitive environment, where landlords are seeking to maximise their return from their tenants, these requirements are all the more important.
Being aware of the practical implications and allocation of the risk hiding behind lease provisions are key to achieving these goals. The book explains what all businesses should be aware of, hidden liabilities and the requirements and provisions to insist upon when taking a new lease.
The advice in the book is designed for those engaged in negotiating, or entering into, commercial leases and focuses on the practical and real implications of these terms (without the use of jargon or reciting the law underpinning lease terms and principles) in order to give a commercial advantage and avoid risks. This advice is the same advice Stuart gives to his clients every day. Stuart is a partner at Davenport Lyons and has been specialising in acting for retail, leisure and corporate occupiers for over 13 years and has acted for many well known retail and restaurant chains as well as Plc's, private companies and hedge funds.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.