Leasing Commercial Premises

  • Overview & Examples
  • What You Need To Know
  • Specialising Lawyers
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Overview

Leasing Commercial Premises

Investing in a commercial property as a landlord can have significant advantages. However, there can be many aspects to take into consideration. The rent, expenses and management of the property will directly impact the return on the investment. Also, securing a tenant to lease the property on terms favourable to the landlord is an important goal for all landlords.

On the other hand, for a tenant looking to lease commercial or retail premises, a lease is an asset that will become an integral part of the business they intend to run from the leased premises. A tenant (or lessee) would want fair terms concerning the rent, outgoings, longevity of the lease, option periods, maintenance and repair obligations, permitted uses of the business premises, and other such concerns. All to ensure that the business benefits as much as possible from this asset.

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What You Need To Know

Do You Need A Lawyer When Entering Into A New Commercial Lease?  

The drafting and negotiating of commercial leases is a sophisticated task. Just a few specific words in a lease provision can have major practical and financial consequences. What may seem to be a simple ‘standard’ looking lease could result in this asset becoming a major liability and financial headache in the future.

A commercial lawyer will ensure that the lease correctly represents the parties’ agreement and sufficiently protects the lessee. When you engage a commercial lawyer, they will also advise on and undertake any required due diligence in respect of the premises to ensure that the premises and the lease will serve the business as intended. Depending on your future business needs and objectives, your lawyer will consider the lease terms and, if necessary, negotiate existing or additional clauses. The goal of these clauses is to best protect you, or to provide the platform you need to achieve those objectives or deal with any anticipated issues that may come your way during the course of the tenancy.


What Will A Commercial Lawyer Do For You?  

When you engage a commercial lawyer through Brydens Lawyers, we can provide you with expert legal advice that will enable you to make informed decisions about the future of your commercial property lease—whether you are the leasor or the lessee. We have decades of experience when it comes to commercial property law, and have helped both landlords and business owners make the best decision for themselves and their businesses. Whether this is a small commercial space or a large industrial property, we can provide you with the legal advice that you require.

We are proficient in all matters relating to commercial real estate property law. By engaging the services of Brydens Lawyers, we will:

  • Listen to you to understand your business, the need for the premises and your objectives.

  • Review and advise on the draft lease and any disclosure statement.

  • Negotiate favourable terms, including adding new clauses to protect you.

  • Undertake due diligence in respect of the lease and the premises.

  • Advising you generally.

  • Dealing with disputes.

  • Acting for you in the conveyancing side of the transaction.

  • Ensuring the lease is registered with the Land Titles Office if necessary.


What Is Your Next Step?

Contact Brydens Lawyers to arrange a consultation with our representatives to discuss your commercial property requirements.

Bydens Lawyers are experts in the field of commercial properties and commercial law. We will work with you to protect your interests and ensure that the correct processes are adhered to. Knowing that you have professional commercial lawyers on your side with only your best interests in mind can ease any concerns you may have when purchasing a business.


When Should You Consult A Commerical Lawyer?

Contact Brydens Lawyers before you enter into a commercial lease agreement, whether you are a landlord or a business owner looking for a retail lease. Before you sign a contract or any other documents, it’s highly advisable that you get in touch with a commercial property law expert for their advice and guidance.

At Brydens Lawyers, we can help you ensure you are making the right decision and that your rights and interests are protected. Contact Brydens Lawyers today for all your commercial property legal needs.

Testimonials

Omar Khan of Brydens Lawyers resolved everything quickly and looked out for my interests every step of the way. I’m very satisfied with how things played out and will definitely be contacting them if I need help again.

Paul M, a client of our Commercial division

I cannot say enough of my lawyers Omar- he listened and gave simple answers so I could understand. Most importantly, he showed empathy when I was distressed.

Lisa O, a client of our Commercial division

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