Commercial Property Solicitors

Guiding You Through Your Commercial Property Matters

Our Commercial Property Law Department is one of the most respected and active in Nuneaton and Warwickshire.

With extensive experience guiding local businesses and landlords through their commercial property needs, you can trust that by instructing us, your matter will be handled promptly, and you will receive the advice necessary to make informed property decisions that support your commercial goals.

We are a diverse, multi-lingual law firm that leverages top-tier technology to provide clients with efficient, modern, and highly effective commercial property law advice and representation. Our extensive experience in commercial property law has earned us a strong reputation for excellence with the UK’s leading Estate Agents, Independent Financial Advisers, Surveyors, and Lenders, who can offer additional support to our Commercial Property Department if required.

What is a Full Repairing and Insuring Lease?

A ‘full repairing and insuring’ lease (FRI) means the tenant is responsible for all external and internal maintenance, decorations, and repairs, as well as the insurance of the building.

An internal repairing and insuring lease (IRI), means the tenant is responsible for the repair and maintenance of the part of the building they occupy. With IRI leases, it is important to verify the landlord’s obligations regarding the exterior and common areas of the premises.

Before entering into any lease, it is essential to have a full building survey conducted. This allows you to request any existing dilapidations be excluded from your repair liability and provides an understanding of potential maintenance costs throughout the lease term.

Do not enter into an FRI or IRI lease without consulting one of our Commercial Property Solicitors to fully understand your obligations. You could face substantial liabilities if you are unaware of the extent of your responsibilities.

What is the Code for Leasing Business Premises, England and Wales 2020?

The Royal Institution of Chartered Surveyors (RICS) published the Code for Leasing Business Premises, England and Wales (1st edition) (Lease Code 2020) to improve the quality and fairness of business lease negotiations and to promote the drafting of comprehensive heads of terms to make the legal process more efficient.

If the landlord or agent is a RICS member, they must comply with the following:

• Approach lease negotiations constructively and collaboratively.
• Inform the tenant of the Lease Code 2020 and advise them to seek independent legal advice.
• Record the lease terms in written heads of terms, marked ‘subject to contract’, covering rent reviews, service charges, repairing obligations, and rights to make alterations.

Part three of the Lease Code 2020 also includes best practices on:

• Tenancy terms and break rights.
• Service charges, insurance, and other outgoings.
• Assignment and subletting.
• Repairs.
• Green lease clauses and energy certificates.

Our Commercial Property Solicitors have extensive experience with the Lease Code 2020 and its predecessor, providing advice to landlords, agents, and tenants on its mandatory and best practice clauses.

Why Choose Us?

Our Commercial Property Solicitors have been advising landlords and tenants throughout Nuneaton and Warwickshire on commercial property matters for many years. We pride ourselves on providing a personal service, always being available by phone and responding to emails within 24 hours. As a full-service law firm, we can also offer advice on other commercial matters such as contracts and dispute resolution.

We leave no stone unturned in handling your commercial property transactions and matters. Each member of our team has the experience and resources to ensure that every aspect of your lease agreement or development strategy that requires attention is managed effectively. You can trust us to provide commercially astute advice to protect your interests.

Our Solicitors are businesspeople themselves, understanding that every decision you make must consider commercial realities. Most of our instructions come through word-of-mouth recommendations because property investors, business owners, and developers in Nuneaton and Warwickshire know we have the knowledge and dedication to meticulously handle every legal aspect of their commercial property matters.

We are focused on delivering results swiftly and cost-effectively. Our Commercial Property Solicitors will manage your legal concerns so you can concentrate on the future growth and prosperity of your organisation or development project.

To discuss your commercial property matters, please contact us using the form below.

Cocks Lloyd Solicitors provides exceptional Commercial Property Solicitors and Commercial Property services to clients. People choose and recommend us not just in Nuneaton, Tamworth, Atherstone, Hinckley and Leicester, but across Warwickshire, Staffordshire, Leicestershire and the West Midlands, and the whole of the UK, because we get results.

To receive expert advice and representation regarding Commercial Property Solicitors and Commercial Property, please contact us using the form below, call us on (0247) 6641642, email via the Request a Callback form on this contact page.