| Businesses are being warned to avoid
| |
| | goes wrong at a later stage"
|
| tempting but potentially costly shortcuts
| |
| | "Also, the code is standardized but every
|
| in commercial property leases. The advice
| |
| | property is different. A commercial
|
| comes following the publication of a new
| |
| | property lawyer would able to provide
|
| stronger code of practice that includes a
| |
| | specialist advice on each individual
|
| step-by-step guide for tenants to
| |
| | scenario and know to look for anything
|
| negotiate a lease. Leading city law firm,
| |
| | unusual in the lease."
|
| Hegarty Solicitors, welcomes thecode of
| |
| | Negotiating Yourself; A False Economy
|
| practice, but says it is not a substitute
| |
| | He continued, "When people are starting
|
| for expert legal advice that can often
| |
| | up we know that every penny counts, and
|
| secure substantial savings for businesses
| |
| | they might think they will save money
|
| and anticipate issues that arise years
| |
| | handling the lease themselves. A
|
| after a lease is signed.
| |
| | commercial property lawyer is really like
|
| New Government Backed Code
| |
| | an insurance policy. We are highly
|
| The new 'Code for Leasing Business
| |
| | experienced at negotiating leases and can
|
| Premises' that was launched in March 2007
| |
| | often obtain a better deal than they
|
| by Housing Minster Yvette Cooper, has
| |
| | could themselves. The savings they could
|
| been published to clarify the process and
| |
| | make can dwarf the legal costs involved,
|
| aims to assist new businesses that are
| |
| | and they have peace of mind knowing they
|
| new to negotiating leases for shops and
| |
| | are fully aware of their rights and
|
| offices.
| |
| | commitments in the lease."
|
| Commercial Property Partner Richard
| |
| | The new code suggests that landlords may
|
| Hegarty says businesses might be tempted
| |
| | not want to tie tenants in for lengthy
|
| to try and handle negotiating the lease
| |
| | periods. Richard says that when a company
|
| themselves, but it is their lack of
| |
| | is unsure of it's future, perhaps because
|
| experience that makes them more
| |
| | it is new or in an unstable market it can
|
| vulnerable, and they need to realise the
| |
| | make sense to have a shorter lease
|
| importance of using experienced property
| |
| | period. However, many other businesses
|
| lawyers.
| |
| | prefer to have the security of knowing
|
| Richard explained, "The new code is not
| |
| | they will not be looking for other
|
| compulsory but is regarded more as a
| |
| | premises or incurring moving costs in the
|
| basis for negotiation rather than a
| |
| | near future.
|
| blueprint for a lease."
| |
| | "When you are busy running a business the
|
| "I would strongly recommend that anyone
| |
| | last thing you want to contend with is
|
| entering into lease negotiations takes
| |
| | the pressure of having to find new
|
| expert legal advice. The code is still
| |
| | premises. The length of a lease is very
|
| quite complicated, and businesses should
| |
| | important, and a commercial property
|
| take into consideration the time they
| |
| | lawyer would be able you help you make a
|
| want to spend trying to understand the
| |
| | decision to suit you and your business,"
|
| lease, and what happens when something
| |
| | commented Richard.
|
