Over 20 Years Of Experience
Certified Chartered SurveyorsLease Advisory for Commercial Properties
Our Lease Advisory team devise solutions around Lease events for both owners and tenants of commercial property. We seek to add value and make savings for our clients by providing innovative strategies that reflect the very latest market trends.
Process & Planning
This is a complex process and requires forward planning and professional advice to maximise the opportunities presented by a lease expiry.
We offer full valuation and negotiation services concerning the lease extension process for our clients. Extending your lease requires expert advice so please contact us today for your free initial consultation
Rent Reviews
Most commercial Leases contain a clause to review the rent at regular intervals during the term of the lease. The law surrounding rent reviews and Lease clauses can be complicated and it is recommended that professional advice is obtained.
We can provide a full range of advice and services with regards to either triggering a rent review (with a Trigger Notice) or defending a rent review for either the Landlord or Tenant and are able to conduct negotiations on behalf of our client to achieve the best possible result.
This is a complex process that requires forward planning to maximise the opportunities presented by a rent review.
Lease Renewals
Most Leases will normally have Security of Tenure under the Landlord and Tenant Act 1954. This means that tenants are entitled to a new Lease for the occupied premises under the same terms as the existing Lease. Landlords have limited grounds for opposing the grant of a new Lease. At the end of a Lease, the tenant may wish to remain in the premises and can either hold over on their existing terms or the Landlord or Tenant can serve a Notice either ending the tenancy or requesting a new one.
We represent both Landlords and Tenants in these matters and are able to conduct negotiations on behalf of our client to achieve the best possible result for them. This is a complex process and requires advanced planning and professional advice to maximise the opportunities presented by a lease expiry.
Lease Restructure/Regears
We specialise in identifying opportunities to add value and make savings for their occupier or owner clients through restructuring or re-gearing leases. These come in many forms but can include break waivers, entering reversionary leases to extend terms and pre-agreeing rent reviews as several types of opportunities.
We actively seek to maximise the value of such opportunities by discussing the preferred outcome with our client, devising a strategy, preparing a financial appraisal of options and detailed negotiation of new/revised lease terms.