Landlord commercial lease extension

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    Landlord commercial lease extension

    Hi
    I am landlord of a commercial property leased out to a company who have been there for 11 years. We grant a new lease every three years, which entails our solicitor printing off the old lease, changing the dates and occasionally the rent and sending it off to the lessees solicitor for them to give it to their client for signing. I pay around £700 for my solicitors time and the lease holder pays his solicitor, for me this sounds a bit like money for old rope!

    Is it legally possible to add an addendum to the existing lease with new dates inserted for which I sign and they sign, in front of witnesses if required?

    #2
    Originally posted by sunshine View Post
    Is it legally possible to add an addendum to the existing lease with new dates inserted for which I sign and they sign, in front of witnesses if required?
    Yes it is, but you need to get it right.

    Comment

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