Commercial Property Lease renewals.

• We carefully listen to our client’s objectives and advise on the most appropriate strategy considering both legal and valuation perspectives
• Timely action and the right strategy can ensure that rental increases and decreases take effect from the earliest possible date
• We will review the lease and liaise with our client’s appointed solicitor
• The premises are inspected & measured in accordance with the RICS Code of Measuring Practice
• A Lease Renewal Report is produced including a rental assessment and a recommendation and strategy that has been tailored to suit our clients’ exact objectives
• We will negotiate robustly to get the best deal for our clients
• We may take this opportunity to vary the terms of the existing lease, for instance – inserting a break clause or removing potentially onerous lease covenants
• If terms cannot be agreed, then the matter will be referred to Court, and we can attend as an Expert Witness on our client’s behalf.

If you are a landlord, then it is vitally important to act promptly when your Tenant’s lease is due to expire. In England & Wales, if no action is taken, then an occupational lease will continue after the expiry date (unless it excludes security of tenure). It is therefore vitally important that a Section 25 Notice is served on your Tenant (ideally from your solicitor) in order that the existing lease will come to an end and a lease renewal with a revised rental can be agreed. If you do not wish to grant the Tenant a new lease, then you can object to the granting of a lease renewal on certain grounds, which we can advise upon.