We advise nationally recognised shops, restaurants, coffee houses and bars on their property acquisitions. Whilst the nature of the businesses varies, the ultimate goal of each is to secure occupation of their premises as quickly as possible. We support our clients from an early stage in the transaction to make sure this happens.
- Shopping centre units
Sherrards secures retail space for clients in well-known shopping centres. We go out of our way to develop strong relationships with the landlord and have an in-depth understanding of the practical application of the documents and how the centres are managed. This delivers the legal services, but also practical know-how. We are well acquainted with complex service charge arrangements and concepts such as turnover rent.
- High street units
Many of our clients take retail space in desirable high street locations with the need to obtain planning permission for change of use and/or initial tenant works to the premises. This often means a conditional agreement for lease, which requires careful drafting and negotiation. Often specific rights must be procured from the landlord to enable the premises to be fully operational. Identifying and then addressing these specific business needs is key to the success.
When our clients want to dispose of premises they are letting, we work to secure either an agreed surrender of the lease back to the landlord or an assignment or the grant of an underlease to a third party.