Whatever your requirements we can help you
Once we have clear understanding of your instructions we map out the relevant issues with recommendations of how we expect things to progress. It is all part of our commitment to work together.
A range of corporate clients rely on our expertise across a range of real estate asset classes. We provide strategic advice on industrial warehouses, retail, offices and healthcare and understand the commercial challenges you face.
Whether you are a landlord or tenant you will want to make sure that you are getting the best deal at the rent review. As an owner you want to maximise your income. As an occupier you should not pay too much. We have a deep understanding of the market rent in the Midlands and beyond. We also have the provisions within the leases to negotiate best terms on your behalf, whether you are a landlord or tenant.
The rent review may not be a major priority in terms of your overall business. However, the ability to negotiate a satisfactory rent review deal can have a significant impact on your bottom line. Tenants use a rent review to their advantage by using the regular break clauses to negotiate more favourable lease terms.
The procedure for renewal and termination of business leases originates from the statutory provisions of the Landlord and Tenant Act 1954 Part II as amended by the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003 and from the provisions of the Civil Procedure Rules (CPR) introduced on 20 April 1999. Lease renewals can be complicated. The 1954 Act is considered and applied by lawyers and other property professionals up and down the country every day of the working week. Each lease is different and the rent that you pay or receive will depend on the length of the lease, the current market conditions and the usual considerations of repairs and dilapidations.
In the case of leases benefiting from security of tenure, consideration should be given more than 12 months before the lease expiry.
We are ideally placed to give you advice on lease renewals, whether you are an owner or occupier. We set out strategy to ensure that we are realistic in negotiating on your behalf.