Commercial Property

Commercial Leases

Commercial Leases

At Franklins Solicitors, our commercial lease experts are here to ensure that every term is clearly understood, fairly negotiated and aligned with your goals.

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Commercial Leases Services

We work with clients across all sectors, from retail and office to industrial and hospitality, advising on everything from initial lease negotiations to mid-term variations, renewals, extensions and break clauses. Our commercial property team is known for its practical advice, clear communication and ability to keep transactions moving swiftly and smoothly.

New Leasehold Transactions

Drafting and negotiating full repairing and insuring (FRI) leases
Advising on Heads of Terms and drafting Agreements for Lease
Carrying out due diligence including title review, property searches and enquiries
Reviewing service charge arrangements, rent reviews and repair obligations
Advising on permitted use, alienation rights and security of tenure under the Landlord and Tenant Act 1954
Managing all pre-completion and post-completion formalities

Lease Variations

Drafting deeds of variation to amend terms such as rent, lease duration, or permitted use
Renegotiating lease provisions to reflect changes in business needs or property circumstances
Ensuring variations are legally binding and accurately registered where required

Break Notices & Terminations


Advising on break rights (fixed or rolling) and drafting/serving valid break notices

Assessing compliance with break conditions to avoid invalid termination

Advising on exit strategies, including dilapidations, reinstatement obligations and yielding up clauses

Negotiating surrender agreements or conditional early terminations

Lease Renewals & Extensions

Serving statutory notices under the Landlord and Tenant Act 1954
Negotiating lease extensions or renewals outside of the Act
Advising on rent review provisions and market rent assessments
Ensuring the renewed lease reflects current business needs and remains fit for purpose

Speak to our Commercial Property Team

Whether you’re acquiring, selling, leasing or assigning, our commercial property solicitors are here to guide you through every step.

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Why Choose Franklins for
Commercial Lease Work?

Experienced Negotiators

Our solicitors are skilled at balancing legal protection with commercial practicality, helping to get deals over the line.

Acting for Both Sides

We represent both landlords and tenants, giving us a deep understanding of the concerns and priorities on each side.

Sector-Spanning Support

We work with occupiers, investors, developers, institutional landlords and growing businesses across every industry.

Proactive Problem-Solvers

We identify potential risks early and suggest pragmatic solutions to avoid disputes and delays.

Collaborative Approach

We regularly liaise with agents, surveyors and lenders to keep your transaction progressing efficiently.

Commercial Leases

FAQs

What is a lease variation?2025-08-12T17:44:39+01:00

A lease variation is a formal agreement to change specific terms of an existing lease, such as extending the term, changing the rent or altering permitted use. It must be properly documented to be legally enforceable.

How do I break a commercial lease?2025-08-12T17:44:52+01:00

Many leases contain a break clause allowing either party to end the lease early. The break must be exercised correctly, including notice periods, format and conditions, to be valid.

Can I assign or underlet my lease?2025-08-12T17:45:19+01:00

This depends on the lease terms. Most leases require landlord consent before assignment or underletting. We can help you navigate these requirements and ensure all necessary consents are obtained.

What happens when a lease ends?2025-08-12T17:45:07+01:00

Depending on the lease and your rights under the Landlord and Tenant Act 1954, you may have the right to renew or negotiate a new lease. It’s vital to take legal advice well before the lease expires.

Experienced Solicitors Providing Expert Legal Advice

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Contact
Contact

  01908 660966

Ashton House, 409 Silbury Boulevard,
Milton Keynes, Buckinghamshire,
MK9 2AH

  01604 828282

8 Castilian St,
Northampton,
NN1 1JX

Monday to Friday | 9:00 AM – 5:30 PM
[email protected]

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