Why Choose WM Solicitors?
Commercial property transactions are often time-sensitive. Delays can affect business operations, planned openings, funding arrangements, and negotiations. That is why we pride ourselves on providing a responsive and efficient service.
For many straightforward matters, we offer a 7-day turnaround time, subject to receipt of all necessary documentation, third-party cooperation, and our Terms & Conditions.
Our fees for straightforward commercial lease matters start from £850 plus VAT quote “LEGAL26” when contacting us to obtain our preferential fixed-fee rate.
Commercial Leases
A commercial lease is often one of the most important contracts a business will enter into. The terms agreed at the outset can have a significant impact on your business for years to come.
Whether you are a landlord seeking to protect your investment or a tenant looking to secure suitable premises, we will carefully review the lease documentation and explain your rights, obligations, and any potential risks before you commit yourself.
Our aim is simple: to ensure that your lease works for your business, not against it
Lease Assignments
If a tenant wishes to transfer its lease to another party, a formal assignment will usually be required. Assignments can involve complex legal obligations and often require landlord consent.
We advise both outgoing and incoming tenants on lease assignments, helping clients understand their ongoing liabilities and ensuring the transaction proceeds as smoothly as possible.
Authorised Guarantee Agreements (AGAs)
Many landlords require outgoing tenants to enter into an Authorised Guarantee Agreement when a lease is assigned.
An AGA can leave the outgoing tenant responsible for certain obligations if the incoming tenant subsequently defaults. It is therefore essential to understand the extent of any continuing liability before signing.
Our solicitors regularly advise on AGAs and can negotiate appropriate terms where necessary, helping clients make informed decisions and avoid unexpected future obligations.