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How to Search Commercial Lease Agreement

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In this video tutorial, viewers are introduced to the basics of commercial leases, focusing on essential lease structures, important lease clauses, and typical delivery conditions. While viewers may not become experts, they will gain a solid foundational understanding. Key concepts include various lease structures, particularly the triple net lease, which is prevalent in commercial real estate. This type of lease requires tenants to pay base rent plus three additional costs: property taxes, building insurance, and common area maintenance. Under triple net leases, tenants are responsible for most expenses associated with the property, while the landlord's role is primarily minimized.

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Got questions?

Here are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What are commercial searches?

This is a combined search of the local authoritys Land Charges Register, plus it provides replies to standard enquiries of the local authority with the option of adding specific additional enquiries should the nature of the property or transaction require them.

What is a commercial search?

This is a combined search of the local authoritys Land Charges Register, plus it provides replies to standard enquiries of the local authority with the option of adding specific additional enquiries should the nature of the property or transaction require them.

What is the most important consideration in a commercial lease?

The rent structure is probably the most basic and most important aspect of any lease. By determining how much you pay per month, as well as how much your rent will increase each year, you can better determine budgets and get a full understanding of whether you can stay in business in this new space.

Do I need searches for a commercial lease?

Searches provide key information that is not available on the public register and may also not be known to the current owner. We would always recommend that searches are considered, and it is worth noting that when taking out finance on any property deal, a lender is likely to require these.

Are commercial leases registered with Land Registry?

As a general rule, a lease or underlease granted for a term of more than 7 years must be registered at the Land Registry. Once registered it will have its own title number, in the same way as a freehold house does.

What is the most common commercial lease?

A net lease is perhaps the most common form of commercial lease agreement. With a net lease, the tenant is responsible for a base rent payment, plus additional expenses associated with the property.

What is a local authority search commercial property?

A local authority search reveals important information about the property and its immediate surroundings such as planning permissions and building regulation consents, proposals for road schemes, environmental and pollution notices and whether any part of the property is registered as common land or as a town or

What questions should I ask before signing a commercial lease?

Questions to Ask When Viewing a Commercial Property What type of commercial lease is being offered? What is the minimum lease term? What amenities are included? What insurance coverage is required? How much parking is allotted to the renter? Is there room for expansion? Can you make changes to the office space layout?

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