In order to be eligible for the offers, you must instruct us using the same email address used during the sign-up for the newsletters.
The email address must remain the same and used to liaise until the matter closure.
You will be eligible for a 10% discount on your total conveyancing costs, once you sign our client care letter.
You will be eligible for a Free Will only when your conveyancing matter file is closed and the bills for the same are cleared.
Though Aristone carry out regular checks to confirm your eligibility, this may not always be practicable or possible and consequently we urge all clients to claim their free Will and 10% discount off Conveyancing fees by emailing the appropriate case handler with a print screen of the news letter subscription.
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Covid-19 business update
Business Updates:*
We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.
We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.
If you are thinking of subletting your commercial property, you may benefit from our expert legal advice. It’s important to remember that subletting the property doesn’t relieve you of any of your obligations as set out in your lease. At all times, you will continue to take full responsibility for all aspects of the commercial property and be held accountable by your landlord.
Nevertheless, commercial property subletting has the potential to be a beneficial and profitable venture. Whether you’ve made the decision to go ahead or would simply like to explore the options, Aristone Solicitors can help. Book your obligation-free initial consultation today.
What is Commercial Subletting?
Commercial subletting occurs when a tenant rents part of the property they are currently leasing to a secondary tenant. When this happens, the primary tenant assumes the position of ‘sublandlord’, and the new tenant becomes a ‘subtenant’.Though the primary tenant remains a tenant with the same obligations to their own landlord, they must also fulfill their own obligations as a sublandlord.
If there’s a part of your commercial property you don’t necessarily need, letting it out to a subtenant could be a great way of generating additional revenues. For a subletting project to be successful, however, several important steps must be taken to avoid issues at a later stage.
The most important of which being as follows:
Obtain
the Head Landlord’s Consent
Under no circumstances should you even consider subletting, if you haven’t received the formal consent of your landlord. Such permission must always be obtained in writing, in case evidence as such is required at a later stage.
Subtenant
Due Diligence
Ultimately, you will take full responsibility for the actions and inactions of your subtenant. It is therefore important to carefully consider their financial status, their tenancy history and their general viability as a prospective subtenant.
Clarify
all Terms and Conditions
It’s advisable to seek the support of a commercial property solicitor or an expert in contractual law, when putting together the sublease you intend to sign. Additions and alterations to subleases at a later stage can be complex and costly.
Consider
Deposit Requirements
In the event that the subtenant contravenes the sublease or causes damage to the property, it is essential that you have sufficient funds on standby to cover the costs. You must therefore consider how much to request by way of a deposit or guarantee.
Evaluate
Long-Term Goals
It’s also important to carefully consider whether or not subletting your commercial property is a suitable move, in accordance with your long-term business goals. It may make perfect sense today, but may not be as viable in years to come.
Ask the Experts at Aristone Solicitors
If you have any questions or concerns regarding commercial subletting, we’d be delighted to hear from you. Aristone Solicitors has unrivalled experience in all aspects of commercial property lets, sublets and related transactions, representing the interests of landlords and tenants across Luton and beyond.
For more information or to discuss your requirements in more detail, contact a member of the team at Aristone Solicitors anytime.
A Assured Tenancy The term ‘assured tenancy’ applies when a tenant is granted a certain level of tenure as part of their tenancy agreement. Such agreements are usually issued by a housing association or housing trust. Assured tenancy typically means that for as long as the tenant doesn’t breach any of the rules of the […]
Tenant Fee Ban For the most part, the Act has brought about new restrictions on the imposition of fees payable by tenants entering into, renewing or exiting a tenancy at the end of an agreed contract. No longer will landlords and letting agents be able to bolt these kinds of additional fees onto their letting […]
Aristone Solicitors provides a comprehensive range of commercial property conveyance services in Luton and across the UK. From property acquisitions to lease extensions to dispute mediation and resolution, we can provide the consultancy you need to ensure a swift and amicable outcome. Backed by more than 25 years’ experience, we know what it means to […]
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We are still open for business
Covid-19 business update: We are still open for business
We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.
We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.
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Covid-19 business update: We are still open for business
We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.
We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.
Learn more about our exclusive services we offer to businesses impacted by Covid-19:
In order to be eligible for the offers, you must instruct us using
the same email address used during the sign- up for the newsletters.
The email address must remain the same and used to liaise until the matter closure.
You will be eligible for a 10% discount on your total conveyancing costs, once you sign our client care letter.
You will be eligible for a Free Will only when your conveyancing matter file is closed and the bills for the same are cleared.
Though Aristone carry out regular checks to confirm your eligibility, this may not always be practicable or possible and consequently we urge all clients to claim their free Will and 10% discount off Conveyancing fees by emailing the appropriate case handler with a print screen of the news letter subscription.
Subscribe to our newsletter for a FREE WILL, and get 10% off Residential conveyancing fees*,