If you are looking to lease premises for your business, you might find yourself in a situation where those premises are not yet constructed. So, how would you sort out your Agreement for premises that aren’t yet finished?
An Agreement For Lease will cover the relevant details prior to your lease. For example, it should set out the lessor’s promise to carry out work on your behalf or if you need to obtain consent of a third party (such as the council) before you use the premises.
What Does It Include?
An Agreement For Lease generally includes the following details:
- The Lease Agreement
- The conditions under which your lease can commence
- What the lessor needs to do for you before you use the premises
- When you can move into the premises
- Obtaining consent from relevant parties such as the council
- A sunset clause, which allows you to terminate the contract if certain obligations weren’t met by a specified date
Why Do I Need A Lawyer To Review My Agreement For Lease?
An Agreement For Lease is a great way to secure the interests and obligations of both the tenant and the landlord even though the premises don’t exist just yet. This ensures that parties will still go through with the lease, and that certain duties are completed in time.
It sets out important details around the lease (such as when the tenant can actually move in), so it’s essential that a lawyer looks over the document. A legal review can help reduce the risk of issues or disputes when it’s time for the lease to commence.
Where Can I Get My Agreement For Lease Reviewed?
It’s important that you have a lawyer review your Agreement For Lease as it sets out key rights and obligations before the commencement of your lease. At Sprintlaw, we offer an Agreement For Lease Review package which includes:
- A review of your Agreement For Lease
- Phone consultations with a Sprintlaw lawyer who can walk you through your review and settle your negotiating position
- A written list of changes to the lease that you can request from the other party
Entering into a Lease Agreement requires good preparation and planning, so having a well drafted Agreement For Lease helps with this process.
If you would like a consultation on your options going forward, you can reach us at 1800 730 617 or firstname.lastname@example.org for a free, no-obligations chat.
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