Lease Advisory
Advising both occupiers and landlords, our extensive experience and expertise secures optimum results for our clients whether negotiating a rent review, lease renewal, lease restructure, dilapidations claim or acting as Expert Witness at Arbitration or in Court.
Our keen negotiation skills and in-depth technical and market knowledge is enhanced through liaison with our leasing, investment and valuation colleagues within our network of teams across the UK and our integrity and business acumen ensures we secure the best possible outcome to suit our client’s objectives.
Rent Review
Our Lease Advisory team provides a complete service to support both landlord and tenant clients, in the rent review process including:
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Lease analysis for the service of formal notices, including identification and observation of strict time limits.
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Inspection, measurement and analysis of comparable market transactions.
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Negotiations with the other party.
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Recommendations to settle or to seek third party proceedings.
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Issue of formal Calderbank letters protecting your ongoing arbitration costs.
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Provision of expert witness reports in third party proceedings if required.
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Arranging for completion of memoranda documenting revised rent.
Lease Renewal
Our Lease Advisory team offers lease expiry advice to landlords and tenants and complete support to clients throughout the business lease renewal process as follows:
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Lease analysis to establish whether the business tenancy is protected under legislation.
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Liaison with legal advisors to ensure the correct service of statutory notices.
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Inspection, measurement and analysis of comparable market transactions.
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Negotiations with the other party.
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Recommendations to settle or seek court proceedings.
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Issue of formal offers to settle, to protect a client's ongoing court costs.
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Provision of expert witness reports and representation in court if required.
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Liaison with legal advisors over the terms of the new lease.
Landlord and Tenant Act (1954) Part II
Businesses whose leasees are covered by the Landlord and Tenant Act (1954) Part II have a legal right to remain in occupation after the lease has expired. Such commercial tenants also have the right to obtain a new lease on similar terms although the lease may be updated if appropriate.
However, there are certain exceptions where a landlord can refuse a new tenancy and reclaim the property from the tenant.
Our team has an intimate knowledge of the Landlord and Tenant renewal procedure and is highly experienced in managing lease renewals in conjunction with our client’s solicitors.
Lease Restructure
A landlord or tenant’s property requirements may change whilst they are contracted into a lease. A tenant, for example, may wish to surrender the lease before the expiry date or a landlord may want to reclaim part or all of a property for refurbishment, owner occupation or redevelopment.
Our Lease Advisory team provides advice to businesses who would like to change the terms & conditions of their lease. Whichever side instigates the renegotiation, both parties will have an opportunity to improve how the property works for them.
Because a lease forms a binding contract neither party is obliged to agree to alterations in its structure. However changing a lease can often be beneficial to both landlord and tenant. Lease restructuring offers businesses significant opportunities and our team is committed to maximizing this potential.
