Commercial Lease Costs Calculator

This Calculator is intended to help commercial property clients and agents to calculate the main legal costs and disbursements for acquiring a new commercial lease. It does not deal with an assignment of an existing lease. Please read the IMPORTANT NOTE below.

Clients and agents can view the progress of matters online. Go to Client Login or Associates Login and click on 'Demo'. For other useful information go to FAQ Landlords and FAQ Tenants.

1.
What is the commencing annual rent (ignoring any rent free periods)?
£
 
2.
Is VAT payable on the rent?
 
3.

What is the term of the lease in years?
 
4.1 Will there be a Rent Deposit or other security?
 
4.2

Is consent required from a Superior Landlord?
 
4.3 Are there works to be carried out by the landlord or tenant as a condition of the Lease?
 
4.4 Is the Lease outside the security of tenure provisions of the 1954 Act?
information
5.
Local search fee

information

IMPORTANT NOTE: This calculation is not a quotation but is a guide to the likely level of legal expenses on the acquisition of a new commercial lease in England and Wales. The figures may vary according to particular circumstances of a given case. Please also specifically note the following points:-

  • The SDLT and Land Registry fees calculation is based upon a standard letting of commercial premises and does not deal with special situations for example where there is special VAT treatment e.g. where the property is part residential and part commercial.
  • In the event that a premium (capital sum) is paid (which is rare these days where market value rent is paid) there may be additional SDLT and Land Registry fees.
  • There are time limits within which an SDLT Return must be submitted to the Inland Revenue in respect of any agreement for lease or lease. This is required whenever the lease is for 7 years or more or the NPV of the rental payments exceeds the 0% band.
  • There may be schemes which can be adopted to reduce the possible incidence of tax.
  • Written estimates for our legal fees are given on request subject to our normal terms and conditions.
  • More detailed information on SDLT and leases can be obtained from the Inland Revenue website.
 
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