A commercial lease is a major commitment, and without legal advice, you risk unfair terms, hidden costs and financial liabilities. Here are 5 pitfalls of going it alone and how Carr & Co Solicitors can help protect you and your business:
1. Unfavourable Lease Terms
Landlords draft leases in their favour which may include lengthy lease terms, unfair rent reviews and terms that restrict your business. A solicitor ensures you secure a lease that works for you.
2. Costs and Liabilities
Many commercial leases contain costs such as service charges, insurance obligations, and repair liabilities. Without legal advice, you may unknowingly agree to expensive responsibilities. Carr & Co Solicitors review the fine print and negotiate fairer terms.
3. Lack of Break Clauses and Flexibility
If your business outgrows the premises or trading conditions change, you could be stuck in a lease with no exit strategy. We negotiate flexible terms and break clauses to ensure your lease supports your business.
4. Personal Liability Risks
Many leases include personal guarantees, putting your personal assets at risk if your business struggles. Our solicitors will work to limit or remove these risks, giving you greater financial security.
5. Disputes and Legal Complications
Without clear terms, disputes can arise, leading to costly legal battles. With expert advice from Carr & Co Solicitors, you can avoid common pitfalls.
Why Choose Carr & Co Solicitors?
At Carr & Co Solicitors, we specialise in commercial lease agreements, helping clients secure fair terms and avoid costly mistakes. Our expert team will provide clear, practical advice to ensure you fully understand your rights and obligations before signing.