What are rent deposit deeds?
A rent deposit deed protects both the landlord and the tenant when a tenant is taking out a lease, and they’re paying a deposit to the landlord as security. It is not a legal requirement to draw up a rent deposit deed, but it is recommended as it protects all parties involved.
The deed sets out the circumstances in which the landlord may deduct money from the deposit, such as if the tenant defaults on rent. It can also protect the landlord and the tenant if one of them becomes insolvent or breaches certain terms in the lease, depending upon how it is drafted.
Our commercial conveyancing solicitors can negotiate and draft a rent deposit deed that protects your interests.
What is a deed of variation?
A deed of variation is drafted when you need to amend or vary a commercial lease. As a commercial lease can last for more than 10 years, circumstances often change over time. When this happens, a lease may need a deed of variation to restructure the terms so that they match evolving business needs.
Our commercial property lease solicitors can assist you with negotiating a commercial lease to meet your requirements. We will discuss with you whether the changes you need are legally viable, and how any changes will impact the terms of the lease. We offer bespoke and pragmatic advice that protects the future of your business.
Acting on Behalf of Landlords
Our commercial lease solicitors can negotiate lease terms on behalf of landlords, protecting your present and future interests. We will tailor our advice to your specific requirements and work proactively in partnership with you throughout every transaction.
Acting on Behalf of Tenants
Our commercial lease solicitors handle a wide array of commercial lease negotiations for tenants, ensuring complex legal documents are explained in full and handled with the utmost professionalism.
We can also review and draft rent deposit deeds, and we can provide advice on assigning and varying a lease.
