Commercial Lease Matters

We can agree to charge fixed fees but can also agree to work on an hourly rate basis; we are able to provide average costs that you can incur during your matter. Below is an estimate of costs as a guide only, but we can give an accurate cost assessment once we have full details of your matter: –

Our average fee for commercial lease matters is: £1000-£2500

Plus, DISBURSEMENT, (VAT if applicable) is chargeable on our fees @ 20% and VAT also applies on some disbursement @20%. Other costs in addition to our fees, some time if you are a buyer then you may pay the Landlord solicitors fee as well. It depends upon your agreed terms and conditions with the seller.

Time Period:

From the date of your instruction we estimate it will take 6-8 weeks. It can be quicker or slower, depending on the parties’ cooperation to each other or the complexities that arise during the transaction.

We provide following services:

• Initial instructions and advice
• Review and advice on lease documents
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of seller’s solicitor
• Give you advice on all documents and information received
• Send final contracts to you for signature
• Agree completion date (date from which you own the lease property)
• Exchange contracts
• Arrange for all monies needed to be received from lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

Stamp Duty Land Tax 

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC’s website or if the property is located in Wales by using the Welsh Revenue Authority’s website.

Our hourly rates are set below:

Our fees are calculated by reference to the law society guideline hourly rates, all rates are subject to VAT where a company is VAT registered.

• Solicitors/legal executives with over 8 years post qualification experience Grade A £267.00
• Solicitors/legal executives with over 4 years’ experience grade B £229.00
• Other qualified solicitors / legal executives grade C £165.00
• Trainee/paralegal Grade D £121.00

Expenses: 

Our clients are responsible for expenses to be incurred on their matter.  These expenses are separate from our own costs and are payable in addition. Depending upon the nature of your matter we will explain to you what those expenses are.