Agreements to Lease
Whether acting for the landlord in the drafting of an agreement to lease or for the tenant in seeking amendments to it, we understand the importance attached to this contractual commitment.
If you are negotiating an agreement to lease there will inevitably be obligations to complete before the lease is granted. For example, the premises may be under construction, with the aim being to secure the letting as soon as the works are complete.
There may be significant repair or refurbishment works, with the agreement to lease providing comfort that these expenses are based upon the tenant’s commitment to a lease.
You may be the tenant carrying out works, in which case you will require the security of knowing the lease will be put in place upon completion of such works.
What are the important aspects to you? Have you agreed plans and specifications or is there to be a degree of design and construction flexibility? You need to understand and agree what is viable and the standard to be achieved.
The trigger for the lease may be upon completion of works or some other obligation or event. The landlord will want to be able to compel the tenant to complete. The tenant may want to be able to delay or conversely to have time restraints in order to compel the landlord to complete.
Whatever your position you need, and we offer, practical and experienced advice.
Entering into a lease is always an important commercial decision, whether it is the first or the fiftieth. We aim to work with you, understanding the importance of time and costs, to ensure the entire transaction is completed within a secure legal framework.
