How to...agree heads of terms for a commercial lease

Heads of Terms are a key stage in the negotiation and preparation of any commercial lease.

Spending the necessary time and paying sufficient attention to the principal terms of the lease will help to identify issues that may prevent the transaction from taking place, determine how to structure the transaction and speed up the drafting of the legal documentation. Conversely, problems can often arise if Heads of Terms are not used appropriately, do not capture the true intention of the parties or where they are not full and clear.

This latest in our series of “How to” housing webinars, which is presented by Sam Gorrell, associate solicitor in our Housing and Regeneration department, will cover the key considerations that both prospective landlords and tenants should have when looking to agree Heads of Terms for the taking or grant of a new commercial lease. It will discuss the principal terms of such leases and emphasise the importance of good administrative housekeeping.

It will be ideal for any leasehold manager who is new to post and seeking a general awareness of the standard terms for commercial lettings. It will also serve as a useful refresher for more experienced officers or for those seeking to take a greater hands-on role in the negotiation of any future leases of their association’s commercial property portfolios.

The webinar will be online is hosted via zoom.

Click here to book your place.