Commercial Retail Leases

Retail lease. Fit-out. Prolongation vs. option to extend. Bank guarantee vs. deposit. Preliminary lease agreement. Lease agreement. Head of Terms. MUICP indexation. Fixed and variable rent components. Lease term. Lease termination. Contractual penalties. Return of premises. Core and shell. As-is condition. Common area charges. Marketing fee. - key terms of every lease relationship between the future lessor (landlord) and future lessee (tenant) when setting mutual conditions for the operation of commercial retail space leases in shopping centers, office spaces in business centers, and in mixed-use developments.

Retail leasing and leasing of spaces in business centers are currently common parts of business life for entrepreneurs. Whether it concerns the lease of office spaces in office buildings, retail spaces in shopping centers, or warehouse and non-residential spaces for other uses, clients of the SKYLEX Law Firm always receive first-class legal advice in the field of commercial real estate leasing.

Our clients include private individuals, entrepreneurs who use retail spaces for their B2C business purposes, as well as owners of such spaces. We also provide legal services to professional real estate agencies and specialists in retail and office space leasing. By combining our expertise in the fields of real estate, construction & development and M&A advisory, and our over 15 years of experience in the segment of retail and office leases, we are capable of effectively and professionally advising space owners, contracting specialists, as well as private clients and entrepreneurs at top quality.

Our long-term experience in providing legal services in the sale and lease of office spaces in business centers and retail spaces in multinational and regional shopping centers, as well as leasing land, halls, and warehouses, places us among the leading legal advisors for services related to commercial property sales and leasing. We connect experience in this segment with agendas in the Real estate and constructionsector, enabling us to fully cover the requirements for legal services during the construction of such spaces (buildings, projects) and possess excellent knowledge in M&A advisory, which we mainly apply during due diligence, sale and purchase of business and office centers, and investor entry.

We comprehensively cover the sale and purchase of office spaces/buildings, retail spaces/buildings, provide legal advice on their financing and further functioning within the corporate structure of the owner.

In the landlord-tenant relationship, we cover the entire legal agenda from legal support for professional real estate agents and the creation of Heads of Terms, through preparation and negotiation of draft contractual documentation (mainly preliminary lease agreements, lease agreements) as well as drafting special provisions required for specific relationships, analysis of legal opinions and guarantees of parent companies, contributions, prolongations, and liability relations. At the same time, we handle disputes with tenants, legally assist with removal and resolution of fit-out modifications, and during lease termination relationships (handover and takeover of premises), including early termination.

How can we help you?

When providing comprehensive legal services in the field of commercial retail leases, our lawyers utilize their extensive knowledge and advice in the segment. Since 2011, JUDr. Skýpalová has provided legal services for a large number of retail and office projects, mainly within lease agreements for spaces in shopping centers and various mixed-use developments, both on the landlord and tenant sides, in multinational as well as regional centers.

Our lawyers have represented developers and owners of retail, warehouses, and other non-residential spaces in setting relationships with future users. We also provide legal advice to future tenants of retail and office spaces, land, halls, and warehouses. Our extensive experience in the field M&A advisory a real estate, construction and development enables us to provide legal services for both leasing and selling retail and other commercial spaces comprehensively, for both owners as well as future tenants or buyers.

In law for commercial retail leases, we focus especially on:

comprehensive legal advice to owners of business centers, mixed-use developments, as well as standalone retail and other non-residential and warehouse spaces (warehouses, halls, land, mixed-use, retail)
comprehensive legal advice to future tenants and tenants of business centers, mixed-use developments, as well as standalone retail and other non-residential and warehouse spaces
legal advice and negotiation of legal documentation from the first negotiation phases - Heads of Terms, preparation of preliminary lease agreements and lease agreements, as well as their amendment, extension, and termination
setting relationships between the future landlord and future tenant, especially in the area of fit-out modifications performance, responsibility attributes of their mutual relationship, adjustment of bank guarantee, parent entity guarantee, deposits, deadlines and terms, adjustment of sanction mechanisms and termination of mutual relationship, contributions, compliance with internal global regulations
comprehensive legal advice in the sale of retail projects and spaces and exit of current owners, or purchase of retail spaces and entry of a new owner or investor (including tax-legal structuring of the deal, see more under M&A advisory)
comprehensive legal advice in the sale of office projects and spaces and exit of current owners, or purchase of office spaces and entry of a new owner or investor (including tax-legal structuring of the deal, see more under M&A advisory)
dispute resolution with tenants, termination of lease relationships
legal due diligence of properties (especially for leases to verify the owner of the leased building)
preparation of legal documentation and negotiation of terms with subcontractors providing services to the center, including companies providing professional tenant search services for retail spaces, warehouses, halls, and land

What our clients said

We have worked with SKYLEX, specifically with Zuzana, since the very beginning of her office's establishment. As a construction company, we mainly needed to collaborate with a lawyer who understands life on the construction site, the pitfalls of working with investors and subcontractors, understands construction mathematics and deadlines, and can draft anything we agree with investors (our clients) on. Highly recommended.

CEO of construction company

Thank you for the fair proposal and your approach to us as clients.

CEO of a company owning a building in the center of Bratislava

Selected reference transactions

advice to developers on leasing and selling non-residential spaces in mixed-use buildings
legal advice to real estate agencies in contracting retail spaces with future tenants or future owners
legal advice to construction companies on execution of fit-out modifications of retail spaces in shopping centers
legal advice to various companies as future tenants in negotiating terms and adjusting contractual documentation (preliminary lease agreement, lease agreement)
legal advice to landlords of non-residential spaces for commercial use
legal advice on terminating retail lease relationships for both tenants and landlords

Online consultation

how to set the terms of preliminary agreements and lease agreements for retail spaces in shopping centers
how to set the terms of preliminary agreements and lease agreements for office spaces in business centers
what is contribution, fit-out of spaces, prolongation of lease term vs. option to extend
how the guarantee and bank deposit work
what are common area charges and marketing fees
what is turnover rent
how to terminate a lease relationship prematurely
what is a logo design manual and its placement on the shop front
how to sell a building and not lose tenants
how to buy a building while retaining the tenant clientele

News

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SKYLEX, Ltd., law firm

Registered office: Ota Holúska 4, 841 06 Bratislava, Slovakia

ID No. (IČO): 56 300 816
Tax No. (DIČ): 2122268148

Registered in: Commercial register of City Court Bratislava III, Section: Sro, File No.: 178886/B

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