Deed of variation of lease
A deed of variation of a lease is a formal legal agreement that records all the agreed changes to the terms of a Commercial Lease. In simple words, a deed of variation of a commercial lease allows a landlord and tenant to make changes to the terms of a business lease.
The deed of variation of a lease usually requires both the freeholder & leaseholder to be in agreement of the changes, but can sometimes require the approval of a third party such as a lender depending on the circumstance.
If you want a deed of variation lease for your commercial property to make changes to a commercial lease then speak to our experienced conveyancing solicitors.
For legal advice and assistance with commercial property lease, contact Western Solicitors for a fixed fee quote on 0203 432 6006 or fill in the enquiry form.
How long does a deed of variation on a lease take?
Usually, the deed of variation lease process takes 2-3 months as there are several parties and lawyers involved.
In straightforward cases, it takes a couple of weeks to prepare a deed of variation of a lease. However, it can take longer as all beneficiaries must agree to the changes.
Does a deed of variation of lease need to be registered?
Yes, you need to register a deed of variation of a commercial lease with the Land Registry as varying the terms of an individual lease is a legal matter which must be recorded officially. The deed of variation takes effect in law only once registered.
Need legal advice & assistance?
Do you need legal advice or assistance with a commercial property lease? Contact our commercial lease solicitors in London today.
Our commercial property solicitors act for both landlords and tenants in relation to commercial property leases. Our experienced team advise on the most suitable commercial solutions for any circumstance from both the landlord and tenant perspective.
Get in touch with us by calling us on 0203 432 6006 or fill in our online enquiry form.