Legal Issues To Consider When Moving Offices
Moving Office Legal Considerations
Not paying proper attention to legal issues when moving office can have a detrimental impact on your business. There are two key considerations in the office relocation process that demand the attention of specialist property solicitors who represent tenants.
1. Exiting your current office property in accordance with the terms of the lease
Your office lease will have specific provisions (including a notice period) within which you will have to comply. Failure to do so may cause your office relocation plans to be aborted. Find out more about your legal situation in your current office before you do anything.
2. Ensuring that your new office lease safeguards your company's interests
Your new office lease will govern the conditions within which your company must abide for the duration of your tenancy. It is critical, therefore, that you have legal representation when negotiating your lease. Having an unfavourable lease (or one with punitive clauses that passed you by when you signed the leads) may cause you problems further down the line, so it is always advisable that your company's best interests are safeguarded from the outset.
Under these circumstances, it is absolutely essential to consult a property solicitor who is used to acting for tenants and well-versed in commercial property law. There are always legal issues to address before you move offices and it is important to leave plenty of time in your Office Moving Schedule to ensure that these matters are taken care of.
Firstly, you will want to talk through the proposed terms of your commercial lease and check that the terms best reflect your needs as a tenant. Next you will want to discuss any intended planning permissions on the property and consult the local authorities to ensure that they comply with regulations.
Your property solicitor will conduct any inquiries between your company and the landlord’s solicitor and secure all the necessary signatures to pass the move through the correct legal channels. Your legal representative will also help you to figure out the amount of stamp duty on your office property.
Find out more about the role of a Commercial Property Solicitor - and what you need to be aware of before signing your new office lease and during your ongoing tenancy in the new office property.
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