Rent Reviews & Lease Renewals
We act for either Landlords or Tenants.
Establishing the market rent effective at the relevant review date can be a complex task and specialist advice is essential to ensure the best possible result. We maintain a database of all our transactions providing us with a comprehensive source of information which enables us to provide the best advice to our clients. The main lease clauses that may affect the rent include repairing, user, alienation, 1954 Act Protection, alterations or improvements, arbitrator or expert and break clauses. The content of the rent review clause and the assumed lease term may also have an effect upon the level of rent payable.
We recommend that both Landlord and Tenant seek professional advice relating to the terms of a new lease as early as a year before the renewal date.
The rights of both the Landlord and Tenant are very important at the end of the lease. Understanding the main issues and local market together with the negotiating positions of each side are vital to the lease renewal process. We liaise closely with our client's solicitors to provide advice, and we involve our Chartered Building Surveyors to handle any dilapidation matters where appropriate.