A lease is a form of contract detailing the terms under which one party (the tenant or lessee) agrees to buy or rent a property, that is owned by another party (the landlord or lessor) for a specified period, either months or years. It guarantees the tenant the use of the property and guarantees the landlord a lump sum and/or regular rent payments from the tenant. In addition, the lease will contain contractual terms governing the use of the property, including occupation type and restrictions, and provisions for insurance, services and maintenance of the property (and the associated charges).
Both the tenant and the landlord face consequences if they fail to uphold the terms of the contract, so it is important to fully understand the terms and costs associated with a lease before agreeing to it.
As industry specialists, we provide quick and skilful legal advice to private individuals and corporate landlords and tenants, on lease agreements for both residential and commercial assets; these include houses, flats, blocks of flats, retail units, office space, manufacturing facilities and land. We can assist you with:
• Lease creation or analysis.
• Identifying dormant lease issues or defects
• Resolving problem terms or defective leases.
• Lease disputes resolution.
• Assignment of leases.
• Lease extensions (either by private agreement or by serving a Notice under Section 42).
For more information or to obtain a quote, contact firstname.lastname@example.org or call 01843 854 444.