We are very experienced in all aspects of commercial leases and provide highly experienced advice, great service and competitive legal fees.
Solicitors for subletting and a sub-lease
If you need experienced commercial property lawyers for a sublease contract or agreement or need legal advice generally on whether you can sublet and if so, the key considerations, problems or issues, please do contact us.
Key legal issues with subletting
- Check the terms of the lease – is subletting permitted? If so, there will usually be a process whereby the Landlord has to consent, so it’s essential to determine whether the Landlord will consent and if so, on what terms?
- Is subletting the best option? Have you considered assigning the lease, which could be a cheaper, cleaner and less risky option.
- How sure are you about the sub-lessee? Remember that you remain liable to the Landlord. If the sub-lessee doesn’t pay you or damages the premises you will be liable.
- Sub-letting of part only of the premises is more complex – particular care is needed over shared parts, alterations to the premises.
- The condition of the premises is a key issue – dilapidation s and restoring a premises after any additions or alterations are very expensive. Remaining as tenant but sub-letting opens up significant areas of risk.
You will need a formal agreement if you sub-let commercial premises. You will definitely need to ensure that the agreement is comprehensive and ensure that it contains obligations on the sub-lessee to fully comply with the tenant’s obligations in your lease with the Landlord. The agreement should look to protect your interests as fully as possible, potentially with a significant security deposit being paid over.
Solicitors in London for subletting
The best way to protect your interests, whether you are sub-letting or considering taking a sub-lease, is to get experienced legal advice. We have 3 offices in London are a well known for our commercial property expertise. Please do call us to discuss your situation and to get a no obligation fee quote.
There are many potential roadblocks and pitfalls with subleases and subletting. Our experience in dealing with many commercial property sublets means we are an ideal choice as lawyers fro landlords, tenants or sub-tenants.