Retail and Commercial Leasing

Mackey Wales act for Landlords and Tenants to review and prepare retail and commercial leases.

Its no secret that rental costs and outgoings represent a significant proportion of overheads for tenants. It is therefore important that you engage a commercial lawyer to review your lease before entering an arrangement that may have long term consequences on your business. We can review and negotiate your retail or commercial lease so that you have certainty with regard to the key terms along with the comfort that there are no hidden or ambiguous terms that may later become detrimental to your business or the viability of selling it. Amongst other things, you should consider:

  • the initial rent and method of increasing the rent;
  • your ability to transfer or assign the lease, and the expense of doing so;
  • the possibility of subletting the premises;
  • your rights to end the lease if the premises are damaged or destroyed;
  • duration of the lease and your right to renew it;
  • who pays for outgoings and other charges;
  • the types of insurance required and who must effect them;
  • the consequences of failing to pay rent or complying with other lease terms; and
  • the appropriate way of resolving disputes.