Most organisations need premises from which to operate the business.
The decision as to whether to acquire freehold or leasehold premises is usually made primarily on commercial grounds but the legal aspects of either option need to be considered.
If you lease premises, when negotiating a renewal you need to be aware of the strict timescales and procedures set out in the Landlord & Tenant Act 1954 which you need to follow to establish and protect your rights.
Rent reviews can lead to disagreements between landlord and tenant and failure to take specific action at an appropriate time can have serious consequences.
Whether you decide to lease or purchase freehold, we can provide comprehensive legal advice and assistance.