{"id":196045,"date":"2026-02-19T15:12:09","date_gmt":"2026-02-19T15:12:09","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=196045"},"modified":"2026-02-19T16:47:57","modified_gmt":"2026-02-19T16:47:57","slug":"webinar-summary-before-you-sign-that-lease-what-every-retail-business-must-check","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/commercial-lease-property\/webinar-summary-before-you-sign-that-lease-what-every-retail-business-must-check\/","title":{"rendered":"Webinar Summary: Before You Sign That Lease: What Every Retail Business Must Check"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-provider-youtube wp-block-embed-youtube\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Before You Sign That Lease: What Every UK Retail Business Must Check | LegalVision\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/SfUWz0OMBSY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<div  class=\"box box--icon box--warning\">\n    <p><strong>DISCLAIMER: This webinar transcript is auto-generated and may contain errors. <a href=\"https:\/\/legalvision.co.uk\/contact-us\/\">Please seek legal advice<\/a> for guidance specific to your situation.<\/strong><\/p>\n<\/div>\n\n\n\n<p><strong>Ryan:<\/strong><br>Welcome everyone to our webinar on <em>Before You Sign That Lease: What Every Retail Business Must Check<\/em>. Today, you\u2019ve got me, Ryan Healey, Senior Legal Solutions Consultant, and Practice Leader Paul Loccisano.<\/p>\n\n\n\n<p>Before we begin, a couple of quick housekeeping items. You\u2019ll receive the recording and the slides in your email. Submit any questions in the Q&amp;A box, and we\u2019ll answer them at the end. Please complete the feedback survey after the webinar.<\/p>\n\n\n\n<p>By viewing this webinar, you are eligible to receive a complimentary consultation with LegalVision to discuss how we can help your business. To claim this, leave your contact details in the survey that appears when the webinar ends or contact us via our website.<\/p>\n\n\n\n<p>Today, we\u2019re going to be discussing the introduction, why these five areas are important, what the law requires you to do, what this looks like in practice, consequences of getting it wrong, reducing the risks, key takeaways, and then we\u2019ll move to the Q&amp;A.<\/p>\n\n\n\n<p>I\u2019m going to hand over to Paul.<\/p>\n\n\n    <div class=\"my-7 lg:my-10 border-y-2 border-gray-100 py-7 lg:py-10 flex flex-col sm:flex-row items-start gap-10\">\n                    <img decoding=\"async\" class=\"w-52 mx-auto my-0! rounded\" src=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2025\/08\/11052734\/legal-essentials-for-uk-retail-businesses.jpg\" alt=\"Front page of publication\"\n                 loading=\"lazy\" width=\"208\" height=\"298\">\n                <section>\n            <div class=\"text-2xl font-bold\">Legal Essentials for UK Retail Businesses <\/div>\n            <div class=\"body-text\">\n                <p>Starting or managing a retail business in the UK? Download this free guide to understand key legal essentials, including contracts, employment, data protection and brand protection.<\/p>\n            <\/div>\n            \n\n<a href=\"https:\/\/go.legalvision.co.uk\/legal-essentials-for-UK-retail-businesses.html\" class=\" block px-5 py-3.5 max-w-fit bg-orange button__hover transition rounded text-white font-bold text-lg no-underline uppercase leading-tight text-center\" target=\"\" rel=\"\">Download Now<\/a>        <\/section>\n    <\/div>\n\n\n\n\n<p><strong>Paul:<\/strong><br>Great, thanks Ryan. Understanding your lease obligations protects your business from unexpected costs and disputes, allowing you to navigate the complexities of commercial property with confidence.<\/p>\n\n\n\n<p>Today, we\u2019re going to cover five essential areas in that theme:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The boundaries of your premises and your repairing obligations<\/li>\n\n\n\n<li>Whether you need a break clause<\/li>\n\n\n\n<li>How to gain approval for fit-out and alterations<\/li>\n\n\n\n<li>The costs you\u2019ll be expected to pay<\/li>\n\n\n\n<li>How rent increases during the term<\/li>\n<\/ol>\n\n\n\n<p>For each area, we\u2019re going to explore why it matters, what the law says, how it works in practice, the consequences of getting it wrong, and practical steps to reduce your risk.<\/p>\n\n\n\n<p>To make this easier to follow, we\u2019ll address all five areas within each topic before we move on to the next area.<\/p>\n\n\n\n<p>Let\u2019s get started.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why are these things important to your business?<\/h3>\n\n\n\n<p>We\u2019ll start with the boundaries of the premises and your repairing obligations. Understanding the boundaries of your property and your repair obligations is crucial. It protects your business from unexpected costs, as repairing obligations can represent significant ongoing expenditure, and it gives you clarity on boundaries, helping prevent disputes with landlords over responsibility.<\/p>\n\n\n\n<p>The boundary definition in your lease determines your ongoing exposure for repairs, replacements, decoration, and how you hand the property back at the end of the term \u2014 in other words, your dilapidations risk.<\/p>\n\n\n\n<p>This is an area tenants often take for granted because most of us are familiar with residential leases. Business tenants typically assume the landlord will be responsible for anything structural or for gas, water, and electrical infrastructure, but that\u2019s often not the case, and this catches tenants out.<\/p>\n\n\n\n<p>The biggest impact is dilapidations risk at the end of the term. This is where the landlord can serve a claim for incomplete end-of-term obligations, which is a mixture of repairs, decoration, and reinstatement requirements contained in the lease or in ancillary documents like a licence to alter. Those claims are lawful, can be sizeable, and can be pursued even after the lease ends.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why you need a break clause<\/h3>\n\n\n\n<p>Most of you have probably heard of break clauses and understand why you need one. Business flexibility is crucial in uncertain economic times, and long lease terms can become a liability if your circumstances change.<\/p>\n\n\n\n<p>A break clause is essentially a right for a party to terminate the lease before the end of the fixed contractual term. We\u2019re going to guide you through how break clauses work, what you\u2019re negotiating before the lease is signed, and what can catch you out if you\u2019re trying to exercise the break.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Consent for fit-out and alterations<\/h3>\n\n\n\n<p>Most businesses need to adapt premises to suit their specific requirements, and leases require you to obtain consent to do that. Without consent, you can be required to remove those works.<\/p>\n\n\n\n<p>But consent in leasing isn\u2019t what it sounds like. It\u2019s often more complicated, requires a specific contract, and will cost you money. We\u2019ll run through the key considerations for initial fit-outs to help protect any incentives you\u2019ve negotiated as well.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Costs under a lease<\/h3>\n\n\n\n<p>Rent is just one cost you\u2019ll pay under a lease. Even without service charges, there are other costs you need to know about to avoid surprises. That\u2019s separate from costs you might need to pay outside the lease, like business rates, which you\u2019ll need to investigate as part of your due diligence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rent review mechanisms<\/h3>\n\n\n\n<p>Rent reviews can significantly increase occupancy costs. Understanding the review mechanisms enables accurate forecasting throughout the lease term. We\u2019re going to explore what review provisions typically look like and what considerations you should have for negotiating them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What does the law require you to do?<\/h3>\n\n\n\n<p>Let\u2019s turn to the boundaries and repairs.<\/p>\n\n\n\n<p>First, the lease will contain a definition of the premises \u2014 what\u2019s included in your space and what you\u2019re actually taking a lease of. That\u2019s typically defined by a description and a boundary shown on a plan.<\/p>\n\n\n\n<p>The boundary will usually extend to everything, or might extend to more internal parts. For example, you might have a lease that refers to all buildings and structures at a street address with a plan showing a red line around a land parcel. For a definition like that, the premises generally include everything from the foundations to the roof.<\/p>\n\n\n\n<p>Alternatively, you might have a very specific definition that names internal walls or excludes structural parts but includes partial services, a shopfront, doors, and windows. That boundary effectively defines what you\u2019ll be obliged to repair.<\/p>\n\n\n\n<p>Then you have the repairing obligation, which typically reads: <em>to keep the premises in good and substantial repair and condition<\/em>. Legally, those words have a very specific meaning that differs from their ordinary interpretation.<\/p>\n\n\n\n<p>The obligation to keep something in repair means it first needs to be put in repair. So, if the premises are already damaged, tenants will inherit that damage. It doesn\u2019t stay with the landlord. Many tenants don\u2019t realise that the words&nbsp;<em>and conditions&nbsp;can require tenants to upgrade elements of the premises beyond what was there before, even if nothing is in actual disrepair.<\/em><\/p>\n\n\n\n<p>It\u2019s rarer that landlords rely on that wording, but it can happen in practice \u2014 for example, repairing a latent defect.<\/p>\n\n\n\n<p>The only exceptions to these repair obligations are typically covered by what the landlord is insured for, but that isn\u2019t always a complete solution because there first needs to be a claimable event under the insurance.<\/p>\n\n\n\n<p>Beyond standard repair obligations, watch out for more specific wording, such as <em>replace<\/em> or <em>remediate<\/em>. Those types of language are enforceable in their own right and may go beyond what an ordinary repairing obligation would require.<\/p>\n\n\n\n<p>These obligations are continuous. You have a positive duty to repair damage when it arises, not just at the end of the lease. Most leases require you to return the property in good repair at the end of the term. If you haven\u2019t kept up with maintenance and the landlord hasn\u2019t challenged you, that won\u2019t automatically absolve you of liability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Decoration and reinstatement<\/h3>\n\n\n\n<p>Let\u2019s turn to two related obligations that sit alongside repairs: decoration and reinstatement<\/p>\n\n\n\n<p>Decoration obligations are often separate requirements to redecorate the property. They\u2019re usually time-based, either at fixed intervals or whenever reasonably required. There\u2019s also typically a separate obligation to redecorate at the end of the term.<\/p>\n\n\n\n<p>Decoration obligations are not normally limited. An obligation to repaint the premises means painting all previously painted parts, even if you think they still look acceptable.<\/p>\n\n\n\n<p>Turning to reinstatement, this typically applies to any works you\u2019ve carried out. Leases vary in what level they require. At its simplest, most leases require alterations to be reversed and made good. You could also be required to return the premises to a white-box standard or a basic shell. Those are all things you see in lease reinstatement obligations.<\/p>\n\n\n\n<p>That presents a significant risk in dilapidations claims because tenants often misjudge what reinstatement means in practice or do the bare minimum.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Break clauses: legal requirements<\/h3>\n\n\n\n<p>Let\u2019s turn to whether you need a break clause and what the law requires.<\/p>\n\n\n\n<p>There\u2019s no automatic right to terminate a commercial lease early, which is why you need a break clause if you want to voluntarily terminate as a tenant.<\/p>\n\n\n\n<p>There are a few different types:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Point-in-time<\/strong>  exercisable on a specific date (most common)<\/li>\n\n\n\n<li><strong>Rolling breaks<\/strong>  exercisable on notice at any time<\/li>\n\n\n\n<li><strong>Mutual breaks<\/strong>  exercisable by both landlord and tenant<\/li>\n<\/ul>\n\n\n\n<p>Each has pros and cons. Rolling breaks are hardest to negotiate because they give landlords little security. Mutual breaks are the ones tenants need to watch out for.<\/p>\n\n\n\n<p>A break clause has two key components:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Notice<\/strong>  how and when it must be served<\/li>\n\n\n\n<li><strong>Conditions<\/strong>  requirements that must be satisfied for the break to be effective<\/li>\n<\/ol>\n\n\n\n<p>Strict compliance with both is essential. The notice must be served in the exact form and timeframe specified in the lease, or it won\u2019t be effective. Similarly, if you don\u2019t comply with the conditions, the break can be undone and the lease remains in force.<\/p>\n\n\n\n<p>Importantly, service by email is usually not valid for formal notices. If you serve a break notice by email alone, the landlord may legitimately refuse to accept it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Consent for fit-out or alterations<\/h3>\n\n\n\n<p>Let\u2019s turn to gaining approval for your fit-out or alterations.<\/p>\n\n\n\n<p>The market standard clause is that internal non-structural alterations are permitted with the landlord\u2019s consent, which cannot be unreasonably withheld or delayed.<\/p>\n\n\n\n<p>That consent must be requested formally, usually in writing, and then formalised through a deed known as a licence to alter. Sometimes landlords allow informal requests initially, but consent still needs to be formalised by deed.<\/p>\n\n\n\n<p>If it isn\u2019t formalised by deed, most leases say consent hasn\u2019t been validly given.<\/p>\n\n\n\n<p>Most landlords permit internal non-structural changes, but you still need formal consent. Approval over the phone or by email is usually not enough.<\/p>\n\n\n\n<p>If you\u2019re planning your fit-out before signing the lease, don\u2019t rely on what the agent says will be fine. You need consent through the proper channels, usually aligned with completion of the lease so you can start fit-out from day one.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Repairs vs alterations<\/h3>\n\n\n\n<p>It\u2019s useful to distinguish repairs and alterations.<\/p>\n\n\n\n<p>An alteration is a change to the premises that isn\u2019t required because of disrepair.<br>A repair addresses disrepair or defect.<\/p>\n\n\n\n<p>You\u2019re obliged to repair the premises, so you typically don\u2019t need consent to repair or replace something that\u2019s damaged. The same generally applies to decoration, although decoration clauses often require the landlord to approve colours, which creates an informal consent process.<\/p>\n\n\n\n<p>Clients often ask: if I need consent for alterations, do I need consent to repair something? The answer is usually no, because that would frustrate your ability to comply with the lease.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Signage and planning consent<\/h3>\n\n\n\n<p>A related area is signage. This is similar to alterations, but most leases have a separate regime for signage approval. Consent is usually required, though often less formal than alteration consent. Shopping centres tend to have strict processes, whereas some high-street premises may not require consent for standard trade signage.<\/p>\n\n\n\n<p>You also need to consider council consent. There are usually two pathways:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>landlord consent under the lease<\/li>\n\n\n\n<li>planning or local authority consent<\/li>\n<\/ul>\n\n\n\n<p>Both must be investigated. Leases often make tenants liable if required planning consent hasn\u2019t been obtained.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Costs beyond rent<\/h3>\n\n\n\n<p>Let\u2019s turn to costs you\u2019ll be expected to pay.<\/p>\n\n\n\n<p>The law allows landlords to charge more than rent. Service charge and insurance are obvious examples, but there are other costs.<\/p>\n\n\n\n<p><strong>Consent fees:<\/strong> leases usually allow landlords to charge their costs for processing consent requests, such as alterations, assignments, or underletting. This includes legal and professional fees.<\/p>\n\n\n\n<p><strong>Rates and taxes:<\/strong> usually payable to authorities rather than the landlord, but the lease makes them your obligation. Non-payment can be a breach. This includes business rates and sometimes infrastructure levies or similar property-related charges.<\/p>\n\n\n\n<p><strong>Utilities:<\/strong> often paid directly to suppliers, but in some estates or shopping centres you may pay via the landlord.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rent review mechanisms<\/h3>\n\n\n\n<p>Legally, rent won\u2019t increase unless the lease provides for it. Most leases over five years include a review mechanism.<\/p>\n\n\n\n<p>Common types:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>open market review<\/li>\n\n\n\n<li>RPI\/CPI indexation<\/li>\n\n\n\n<li>fixed increases<\/li>\n<\/ul>\n\n\n\n<p>Open market review is most common. This may be agreed between landlord and tenant or determined by a surveyor using hypothetical lease assumptions set out in the lease.<\/p>\n\n\n\n<p>The key point is that rent reviews usually operate upwards only. If you want cost certainty, you need to negotiate a cap.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What this looks like in practice: repairs<\/h3>\n\n\n\n<p>In practice, first check the boundary definition and lease plans carefully. Do they include parking, storage, external walls? The goal is to understand and mitigate risk.<\/p>\n\n\n\n<p>Some leases \u2014 especially warehouses \u2014 cover entire buildings, meaning repair liability extends to everything. In those cases, obtaining a building survey is essential.<\/p>\n\n\n\n<p>Disrepair existing before the lease transfers to the tenant. This is important even at heads-of-terms stage, where agents may simply say \u201cfull repairing and insuring\u201d. That phrase only has meaning once you see how the boundary is defined in the lease.<\/p>\n\n\n\n<p>In retail premises with service charge structures, repairing obligations are usually internal, but may still include shopfronts, doors, windows, plant, and equipment \u2014 sometimes called pseudo-structural items.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mitigating repair obligations<\/h3>\n\n\n\n<p>The main mitigation is a <strong>schedule of condition<\/strong>.<\/p>\n\n\n\n<p>This records the state of repair at lease commencement and caps your obligation to that level. However:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>it\u2019s only as good as the evidence recorded<\/li>\n\n\n\n<li>it doesn\u2019t require the landlord to repair<\/li>\n\n\n\n<li>it doesn\u2019t limit decoration or reinstatement unless expressly stated<\/li>\n<\/ul>\n\n\n\n<p>You should still obtain one, especially for whole-building leases, but understand its limits.<\/p>\n\n\n\n<p>Tenants are also typically responsible for compliance areas such as electrical safety, fire management, asbestos, and health and safety within the demised premises. This differs from residential tenancies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Break clauses in practice<\/h3>\n\n\n\n<p>A typical tenant break might allow termination at year 3 or 5 with six months\u2019 notice, subject to conditions such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>all sums paid<\/li>\n\n\n\n<li>no breaches<\/li>\n\n\n\n<li>vacant possession<\/li>\n\n\n\n<li>no subleases<\/li>\n<\/ul>\n\n\n\n<p>Key considerations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>serve notice exactly as required<\/li>\n\n\n\n<li>meet all conditions<\/li>\n\n\n\n<li>pay full rent instalments due before the break<\/li>\n<\/ul>\n\n\n\n<p>Exercising a break doesn\u2019t remove end-of-term obligations. Repairs and reinstatement still apply at the break date.<\/p>\n\n\n\n<p>For mutual breaks, ask why the landlord needs one. If redevelopment is cited, consider making that a condition of their exercise.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fit-out consent in practice<\/h3>\n\n\n\n<p>Landlords usually require detailed drawings and specifications. Hand-drawn sketches rarely suffice unless works are minor.<\/p>\n\n\n\n<p>Most tenants fall foul of planning consent requirements or contractor compliance. As tenant, you\u2019re responsible for contractors and compliance with construction regulations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Cost risks in practice<\/h3>\n\n\n\n<p>Non-payment of sums like insurance rent or service charge can trigger forfeiture \u2014 allowing the landlord to terminate the lease and re-enter.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rent review in practice<\/h3>\n\n\n\n<p>Key points:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>negotiate cap and collar where possible<\/li>\n\n\n\n<li>watch for compounding indexation<\/li>\n\n\n\n<li>exclude goodwill and tenant fit-out from open market assumptions<\/li>\n\n\n\n<li>ensure expert costs are shared<\/li>\n<\/ul>\n\n\n\n<p>If aligning a break with rent review, obtain your own rental appraisal early.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Consequences of getting it wrong<\/h3>\n\n\n\n<p>For repairs, dilapidations claims at lease end can exceed \u00a3100,000. Landlords may also claim surveyor fees, lost rent, and professional costs.<\/p>\n\n\n\n<p>Example: a tenant assumes the landlord repairs the roof, but the lease boundary includes it. A \u00a375,000 liability arises at lease end.<\/p>\n\n\n\n<p>For break clauses, missing notice by one day may leave you liable for years of rent.<\/p>\n\n\n\n<p>For alterations, lack of consent can block assignment or require removal works.<\/p>\n\n\n\n<p>For costs and rent review, failure to budget leads to financial strain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Reducing the risks<\/h3>\n\n\n\n<p><strong>Repairs:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>obtain building survey<\/li>\n\n\n\n<li>negotiate schedule of condition<\/li>\n\n\n\n<li>maintain during term<\/li>\n\n\n\n<li>keep photographic records<\/li>\n<\/ul>\n\n\n\n<p><strong>Break clauses:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>negotiate at outset<\/li>\n\n\n\n<li>diarise dates<\/li>\n\n\n\n<li>use solicitors if unsure<\/li>\n\n\n\n<li>satisfy all conditions<\/li>\n<\/ul>\n\n\n\n<p><strong>Fit-out:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>check lease before works<\/li>\n\n\n\n<li>allow approval time<\/li>\n\n\n\n<li>align consent with lease start<\/li>\n<\/ul>\n\n\n\n<p><strong>Costs:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>review historic service charge<\/li>\n\n\n\n<li>check rates and insurance<\/li>\n\n\n\n<li>negotiate caps or exclusions<\/li>\n\n\n\n<li>budget for increases<\/li>\n<\/ul>\n\n\n\n<p><strong>Rent review:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>negotiate cap\/collar<\/li>\n\n\n\n<li>diarise review dates<\/li>\n\n\n\n<li>obtain valuation advice<\/li>\n\n\n\n<li>budget for increases<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Key takeaways<\/h3>\n\n\n\n<p>Know your property and obligations.<br>Survey and document condition.<br>Negotiate a break clause.<br>Comply with notice and conditions.<br>Obtain consent for works.<br>Budget for all lease costs.<br>Negotiate rent review protections where possible.<\/p>\n\n\n\n<p><strong>Ryan:<\/strong><br>Amazing, thank you very much. You\u2019ll see there\u2019s a QR code on screen for a related publication. That concludes the main part of the webinar. I\u2019ll leave the QR code up briefly for anyone who\u2019d like to scan it.<\/p>\n\n\n\n<p>You may also be interested in joining our upcoming event. Our next webinar is <em>E-commerce Legal Essentials for Retailers<\/em>, on Tuesday 17 March at 11:00 am.<\/p>\n\n\n\n<p>I\u2019m now going to talk briefly about membership while you submit any questions.<\/p>\n\n\n\n<p>With regard to membership, becoming a LegalVision member gives your business unlimited access to a full team of over 100 specialist lawyers for all of your business-as-usual legal needs.<\/p>\n\n\n\n<p>Our team can assist with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>unlimited document drafting and review of business contracts<\/li>\n\n\n\n<li>unlimited legal advice consultations<\/li>\n\n\n\n<li>unlimited domestic trade mark registration<\/li>\n\n\n\n<li>and much more<\/li>\n<\/ul>\n\n\n\n<p>You\u2019ll find more information on our website about the full range of services.<\/p>\n\n\n\n<p>As a LegalVision member, you don\u2019t need to worry about legal costs in the same way. Think of it as having your own in-house legal counsel. We take care of business-as-usual legal work so you can focus on running your business.<\/p>\n\n\n\n<p>If you are in-house counsel, we also offer a dedicated service to manage high-volume business-as-usual legal tasks. We\u2019re happy to discuss how those desk-extension services can help.<\/p>\n\n\n\n<p>You can request a free consultation when the survey appears at the end of this webinar.<\/p>\n\n\n\n<p>I\u2019ll now hand over to Paul to answer questions. While we do that, you\u2019ll see a short poll appear. We\u2019d appreciate if you could complete it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Q&amp;A<\/h3>\n\n\n\n<p><strong>Paul:<\/strong><br>Great, thanks Ryan.<\/p>\n\n\n\n<p>We\u2019ve got a few questions here. If the first person is still on the webinar, feel free to clarify the question. It reads: \u201cLease agreement check documents \u2014 collaboration is prohibited. What does that mean?\u201d I\u2019m not entirely sure what type of collaboration is being referred to, so if you\u2019re still here, please clarify and I\u2019ll answer that one.<\/p>\n\n\n\n<p>The next question asks about exit options, which I assume is if you\u2019re already a tenant. Ultimately, someone would need to review your specific lease to give a definitive answer, but generally exit options work as follows.<\/p>\n\n\n\n<p>Unless you have a break clause, there\u2019s usually no voluntary right for a tenant to terminate a commercial lease early. You can\u2019t simply give notice and leave.<\/p>\n\n\n\n<p>If you do have a break right, the first question is whether you can exercise it.<\/p>\n\n\n\n<p>If you don\u2019t have a break right, there are typically three possible options:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Assignment<\/strong> \u2014 transferring the lease to another tenant<\/li>\n\n\n\n<li><strong>Underletting<\/strong> \u2014 subleasing the premises (you remain liable)<\/li>\n\n\n\n<li><strong>Surrender<\/strong> \u2014 agreeing with the landlord to terminate<\/li>\n<\/ol>\n\n\n\n<p>Assignment and underletting both require landlord consent. Most leases state that consent cannot be unreasonably withheld, but it must be a genuine transaction.<\/p>\n\n\n\n<p>Surrender is entirely at the landlord\u2019s discretion and often involves a payment to them.<\/p>\n\n\n\n<p>The final question was whether a photographic schedule of condition is good protection against a large dilapidations claim.<\/p>\n\n\n\n<p>As discussed earlier, a schedule of condition is very useful but not a complete solution. It caps repair obligations to the recorded condition, but dilapidations also include decoration and reinstatement. If those obligations aren\u2019t limited, you can still face significant liability at lease end.<\/p>\n\n\n\n<p>So it\u2019s important protection, but not a silver bullet.<\/p>\n\n\n\n<p>It looks like those were all the questions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Closing<\/h3>\n\n\n\n<p><strong>Ryan:<\/strong><br>All right, thanks Paul.<\/p>\n\n\n\n<p>That\u2019s all we have time for today. If you do have any other questions, you\u2019re very welcome to get in touch with us. Please submit your details in the survey at the end if you\u2019d like assistance with anything we didn\u2019t cover or to learn more about membership.<\/p>\n\n\n\n<p>While this is a free webinar, we do value your feedback, so please complete the short survey at the end.<\/p>\n\n\n\n<p>Thank you very much for joining us.<\/p>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"29d45c3efd\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/196045\" \/>            <input value=\"https:\/\/legalvision.co.uk\/commercial-lease-property\/webinar-summary-before-you-sign-that-lease-what-every-retail-business-must-check\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"Webinar Summary: Before You Sign That Lease: What Every Retail Business Must Check\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ryan:Welcome everyone to our webinar on Before You Sign That Lease: What Every Retail Business Must Check. Today, you\u2019ve got me, Ryan Healey, Senior Legal Solutions Consultant, and Practice Leader Paul Loccisano. Before we begin, a couple of quick housekeeping items. You\u2019ll receive the recording and the slides in your email. Submit any questions in<a href=\"https:\/\/legalvision.co.uk\/commercial-lease-property\/webinar-summary-before-you-sign-that-lease-what-every-retail-business-must-check\/\">Continue reading <span class=\"sr-only\">&#8220;Webinar Summary: Before You Sign That Lease: What Every Retail Business Must Check&#8221;<\/span><\/a><\/p>\n","protected":false},"author":11449,"featured_media":183563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[30],"tags":[20,21,1268,1530],"class_list":["post-196045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-lease-property","tag-small-business","tag-medium-business","tag-lease","tag-retail-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 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