Commercial Property Solicitors in Brighton & Hove

Commercial property represents a significant investment and a cornerstone of business operations. Making the right legal decisions from the outset is crucial for protecting interests and supporting company growth. Business owners in Brighton and Hove should consider seeking advice from experienced commercial property solicitors who understand the local market.

Business Leases & Licenses: Understanding Your Options

Deciding whether to use or agree to a lease or a licence is a fundamental decision for any business. There are important legal differences between these agreements, and choosing the wrong one can have significant consequences for rights and business operations. Understanding these differences is essential for Brighton and Hove businesses.

Should you choose a licence or a lease? The answer depends on various factors, including the level of control needed over the property, the duration of intended occupation, and budget. Key features to consider include:

Leases: Typically provide exclusive possession of the property for a fixed term, offering greater security and control. Leaseholders often have repairing obligations and may face restrictions, but also benefit from statutory protections.
Licences: Generally offer more flexible, short-term arrangements without exclusive possession. They are often simpler and cheaper but provide less security.

When dealing with commercial property law in Brighton & Hove, it's important to understand the terms, obligations, and liabilities associated with each type of agreement. Business owners should ensure they understand their rights and are protected.

Whether negotiating terms, amending an existing agreement, or handling leasehold renewal, understanding the process is important. Brighton and Hove businesses should consider:

• Negotiating favorable lease terms, including 'break clauses' for flexibility
• Clarifying maintenance and repair responsibilities between landlord and tenant
• Understanding restrictive covenants that could impact business operations
• Evaluating rent increases built into lease contracts
• Understanding the implications of a 'personal guarantee' request from a landlord
• Determining whether a 'license to occupy' is more suitable than a lease arrangement

Buying & Selling Business Property in Brighton & Hove

Purchasing or selling commercial property is a major financial decision that requires careful legal consideration. Understanding the process and your obligations is essential for Brighton and Hove business owners.

The process of buying or selling business property involves numerous complex steps:

• Preparation and Due Diligence: Conducting thorough searches on the property, seller, and buyer to identify potential issues
• Contract Drafting and Negotiation: Preparing sale contracts and negotiating terms that protect interests
• Legal Compliance: Ensuring all legal requirements are met, including planning permissions and property use classifications
• Funding Arrangements: Understanding the legal implications of commercial mortgages and other financing options

Essential local authority searches should be conducted that can reveal crucial information, such as:

• Property Use Class restrictions that could prohibit or allow certain types of trading
• Upcoming development plans that might affect property value or foot traffic
• Potential legal restrictions or obligations associated with the property

Understanding likely costs, timescales, and any risks associated with the transaction is important. The goal is to make everything run as smoothly as possible, right up until contracts are signed.

As commercial property law in Sussex involves specific local considerations, understanding the regional challenges facing businesses is important. Expertise in property law and commercial law ensures that transactions are completed efficiently and in accordance with all relevant legislation.

How Our Brighton & Hove Commercial Property Solicitors Can Help You

Your new commercial premises will be both a major expense and a crucial part of your success. Getting the commercial conveyancing process right is vital to secure a property on terms that protect and support company growth.

Understanding commercial property law and having expert advice tailored to specific business needs is important. Commercial property matters are significant and often time-sensitive.

Clear, upfront understanding of costs and timescales is essential, ensuring there are no surprises. Once you understand what your dispute is, you can aim for a quick and successful resolution.

If you're considering a business lease or license agreement, or if you're planning to buy or sell commercial property in Brighton or Hove, understanding the legal complexities can help you make informed decisions.