In its simplest terms, a lease is just a contract between a landlord and tenant for the occupation of a property. However, landlord and tenant law is one of the most complicated and ever-changing areas of legal work, full of potentially expensive traps for the unwary. There are numerous Acts of Parliament that imply terms into leases, which differ depending on the type of lease, and a huge body of Court decisions on how to interpret various lease provisions, sometimes with very unexpected (and unwanted) results. It is, therefore, very important that anyone entering into a lease, whether as a landlord, tenant or guarantor, is properly advised as to their responsibilities and liabilities.
The same is also true of the many documents ancillary to a lease that might be required, such as rent deposit deeds, authorised guarantee agreements, licences to assign and licences for alterations.
We act on behalf of landlords, tenants and guarantors, in connection with all aspects of commercial and residential landlord and tenant work, including rights and responsibilities in respect of service charges, repairs and rent reviews.
Also, we have considerable experience in acting on behalf of both landlords and tenants of residential properties in connection with freehold sales to flat-owners, (through the statutory process known as collective enfranchisement), and statutory lease extensions.