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At the beginning of a landlord and tenant matter the parties will negotiate the main terms of the lease and set them out in a document. This document is referred to as the Heads of Terms
Often a surveyor will be appointed by a landlord to draw up and negotiate Heads of Terms. A tenant may appoint their own surveyor. It is important that solicitors also review the Heads of Terms before they are agreed to sense check them.
The Heads of Terms will typically include:
It is quite common for a client to approach a solicitor asking them to have a look over the Heads of Terms and asking if anything is missing or seems unfavourable. The earlier this is done the better – alongside the surveyors we can provide valuable practical advice on potential issues and items that could be changed to benefit the parties.
If you need any advice on Heads of Terms, please contact a member of our commercial property law team in confidence here or on 02920 829 100 for a free initial call to see how they can help.
To speak to one of our experts today, please contact us on 02920 829 100 or by using our Contact Us form for a free initial chat to see how we can help.
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