Legal Requirements for Company Moving Office
Legal Process of Moving Office
The legal process of moving office is complex and potentially confusing to the undiscerning tenant. Furthermore, given the value and importance of real estate transactions, you will want peace of mind in knowing that all the legal formalities are properly dealt with.
There are a number of legal requirements to consider when a company relocates, these include:
Giving Notice on your Existing Office Lease
As your company is intending to move office, you will need to give formal notice that you are intending to leave your existing office. Even if your office lease is expiring, you will still need to formally exercise notice - giving your intention to move. If you are exercising a break clause, you will also need to exercise notice in the correct way to avoid any dispute with your landlord to leave the premises.
Giving notice on your existing office lease needs to be given in the correct way and within the correct timeframe - as set out in your office lease. Get advice from a Commercial Property Solicitor in order to ensure this has been done in the correct way.
Signing a New Office Lease
Before signing a new office lease, you need to be absolutely clear of your liabilities and what you are committing to. An office lease is a legally binding agreement between you (the tenant) and the Landlord, so once you've signed - there's no going back! A Commercial Property Solicitor will check over the documentation and explain things to you in a jargon-free way so you are clear about all your obligations.
Employment Law Relocation
An office move will involve a change in workplace location for your staff, which also has legal implications for you, as an employer. You will need to understand your rights as an employer when relocating staff, giving them sufficient notice and communicating regularly with them about the office move. A Commercial Property Solicitor will ensure you handle the office move correctly as far as your staff are concerned.
Use the Moving Office Employment Law Checklist to ensure you follow best practice.
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