Deed of Variations in Commercial Property Leases

Jeysu Akoya

Commercial Support
Heald Green 0161 283 6573
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Dan Chadwick
Dan Chadwick
1748941505
We recently sold and bought a new property, Anna B was our solicitor (both sale and purchase). Our chain was very long and there were several factors causing issues and delays. Anna and the team at the Cheadle branch, worked very hard to ensure the success of the chain. My husband and I are extremely grateful for all their hard work and support throughout the process - which at times was stressful! We would highly recommend.
Laura Anderson
Laura Anderson
1748536946
I can not speak highly enough of Anna Beavers at Mounteney, she helped us with our recent house sale and purchase, when I say helped, she guided us through it expertly, explaining things as went along, Anna was very professional but also down to earth and kept us up to date with progress. One thing that stood out for us was how responsive Anna was, ALWAYS getting in touch when she said she would, emailing back very promptly to enquiries, chased other conveyancers when needed, this was a huge positive for us and made the whole experience so much better than we thought. Thank you so much Anna!
radu muntean
radu muntean
1747855457
I have dealt with a number of solicitors during the last few years and I think that Mr. Ian McKenna is by far the best solicitor I've ever worked with.He is very efficient, he has an outstanding expertise, and he has a very high level of professionalism. All these qualities make him a great person to deal with.I really appreciate how he handled my property purchase from start to finish and I will definitely use his services again.
Hetal Knowlson
Hetal Knowlson
1747835491
Anna Beavers was our solicitor and she was excellent. Very responsive via email/call, gave good advice, navigated the challenges of sale/purchase well and managed to complete a purchase in 6 weeks! She went the extra mile to make sure we could complete so quickly. We were so glad we went with her, service was top class. Thank you Anna!
Eleanor Bowkis
Eleanor Bowkis
1747249570
Anna Beavers was our solicitor for sale and purchase. We cannot praise her enough. She was amazing throughout, extremely quick at responding to emails and kept us updated as much as possible.She ensured all funds were ready for our completion date and made everything effortless. We were completed and in our new home by 1pm! Incredible service from Mounteney and we will use them again in the future for sure.
Lucy Wiggins
Lucy Wiggins
1746529958
Very good communication- friendly, approachable staff- made the whole experience less stressful!
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Making Changes to Commercial Lease

Navigating changes to a commercial lease can be complex, but a Deed of Variation offers a practical and legally binding way to update lease terms without drafting an entirely new agreement.

Whether you are a landlord or a tenant, our experienced commercial property solicitors can guide you through the process, ensuring that any amendments align with your business needs while protecting your legal interests.

With a strong track record of assisting businesses since 2005, we understand the importance of clear, well-drafted agreements.

Our solicitors specialise in tailoring Deeds of Variation to suit each client’s unique circumstances, allowing you to focus on the smooth running of your business while we handle the legal details.

 

What is a Deed of Variation for Commercial Leases?

A Deed of Variation is a formal legal document that allows landlords and tenants to modify specific terms of a commercial lease without creating an entirely new contract. This could involve changes such as extending the lease term, adjusting rent, or amending the permitted use of the property.

It is important to note that a Deed of Variation does not replace the original lease but works alongside it, ensuring that any agreed amendments are legally enforceable. This makes it a highly effective way to adapt to changing business circumstances while preserving the integrity of the existing lease agreement.

Our specialist commercial property solicitors have extensive experience in drafting Deeds of Variation that reflect both current market conditions and the future objectives of your business.

 

What are the different types of Deed of Variation?

A Deed of Variation can take many forms, each of which have a different purpose. Our solicitors can best advise you on the agreement most suited to your needs.

Deed of Assignment

Allows a tenant to transfer the lease to another party without affecting its terms. This is used in situations where a tenant is vacating the property, and another tenant is taking over.

Deed of Surrender

Enables the lease agreement to be ended early. This could be used when the tenant no longer needs the property or wishes to terminate the lease.

Change of terms

The most common type of Deed of Variation, used to modify specific lease provisions such as rent payments, maintenance obligations, or permitted use of the premises.

Each type of agreement serves a different purpose, but all must be carefully drafted to ensure they are legally valid and enforceable. Our solicitors can help you determine the best course of action and ensure that any modifications are in line with your business objectives.

 

Why would I need a Deed of Variation?

A Deed of Variation is a valuable tool for updating lease terms to reflect changes in circumstances, whether due to business growth, financial considerations, or practical adjustments. Some common reasons for requiring a Deed of Variation include:

The current lease needs to be extended

  • Both the landlord and tenant have decided to add a new clause to the lease
  • Altering the amount of ground rent
  • Changes to parties responsible for insuring the property or maintenance/repairs
  • Updating the premise identity to Land Registry standards
  • The lease does not include rights needed for the business, such as placing equipment outside of the building

Once executed, a Deed of Variation permanently alters the lease terms and is legally binding on future landlords and tenants. Ensuring the document is drafted accurately is essential to avoid unintended consequences, such as an accidental surrender of the lease.

 

The Deed of Variation process

Both the tenant and landlord must agree to changes in the lease for it to be implemented. One of our thorough solicitors can ensure that this adheres to the law. The process itself involves:

  • The landlord and tenant agree to the changes
  • Our solicitors draft the Deed of Variation
  • Both parties sign the document
  • If needed, the deed will then be registered with the Land Registry

It is vital that the changes to the lease are drafted accurately. This is to ensure that they are as you intend them to be. Without this, it may result in the lease being mistakenly surrendered.

Our Deed of Variation solicitors can guide you through the legalities, offering pragmatic advice to the needs of your business.

 

What are the advantages of a Deed of Variation?

A Deed of Variation provides several advantages for both landlords and tenants:

  • Flexibility – Allows for lease modifications without the need for a completely new agreement.
  • Cost-Effective – Avoids the expenses and complexities of full lease renegotiations.
  • Clarity and Certainty – Ensures all parties have a clear understanding of their updated rights and obligations.

Fixed Fee Deed of Variation

Your supplier is SRA-regulated Mounteney Solicitors, that charges VAT some customers may be able to reclaim

We charge £750 + VAT = £900

There is more about our fees on our website here

If you have any questions or require any further information, please don’t hesitate to Contact Us.

Contact Mounteney Solicitors

Our specialised team of Deed of Variation solicitors have a track record of delivering accurate and thorough deeds that reflect your needs. We offer a quick service, allowing your lease terms to become legally binding.

From our offices in Heald Green, Cheadle, Bramhall and Hazel Grove, we regularly assist clients around Greater Manchester, including Alderley Edge, Wilmslow and Poynton.

Our Commercial Property Solicitors specialise in every aspect of business property, so whatever your circumstances, contact us today for professional legal advice.