Commercial leasing insights, without the jargon

Heads of terms for a commercial lease set out the key points of the deal before the legal drafting begins. It’s the commercial summary: the bones that the full lease then gets built around. It’s tempting to treat it as a formality and rush through it to get to the “real” paperwork. That’s a mistake. […]

Sometimes a landlord doesn’t want a tenant to have the automatic right to renew at the end of the term. Maybe they’re planning to redevelop, or sell with vacant possession, or move in themselves. In those cases the landlord can grant a contracted-out lease from the renewal protections in the 1954 Act. It’s a perfectly […]

On a lease of any length, the rent you agree at the start usually isn’t the rent you’ll pay throughout. Most leases include a commercial lease rent review: a point, often every three or five years, where the rent can be adjusted. How that adjustment is calculated is one of the most important commercial terms […]