Moorcrofts Means Business
Welcome to 'Moorcrofts Means Business' podcast, where our speakers will be discussing legal topics to help you run your business as efficiently as possible. Topics will range from buying and selling a company in the UK or abroad, legal technology matters from open source licences through to software and hardware contracts and IP protection, leasing a commercial property and the very thorny and ever evolving landscape of employment law and contractual services. All our podcasts are for general information and are not to be taken as bespoke legal advice.
Moorcrofts Means Business
The legal side of renting business premises
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Welcome to Series 4, Episode 2 of the Moorcrofts Means Business Podcast!
In this episode, Julia Ferguson, Partner and Head of Commercial Property at Moorcrofts, is joined by Sharan Uppal, Associate in the Commercial Property team, to discuss the legal process of acquiring commercial premises.
They explore what happens after heads of terms are agreed, why the process can take longer than many tenants expect, and the key legal and practical issues businesses should be aware of when entering into a commercial lease for the first time or even the second.
They cover:
- Why heads of terms are not legally binding and what comes next
- What’s involved in negotiating a commercial lease
- Repairing obligations, surveys and schedules of condition
- Fit-out works and when landlord consent is required
- Title investigations, planning issues and CPSE enquiries
- Conveyancing searches and statutory compliance
- Typical timescales for completing a commercial lease
- When Stamp Duty Land Tax (SDLT) may apply to a lease
For more information, read our article on 'what to expect when renting commercial premises the legal process explain'.
Tune in to gain a clear understanding of the commercial leasing process, avoid common pitfalls and learn how early legal advice can help protect your business and manage costs effectively.