Commercial Lease Renewals
Commercial lease renewals are dealt with under the terms of The Landlord and Tenant Act 1954; a potentially challenging piece of legislation for the uninitiated.
We work closely with landlords and tenants of commercial properties when renewing their lease, following a smooth process of inspecting the property, considering the terms of the current or previous lease, assessing the terms likely to be included in negotiations and advising you on suitable terms for the new lease. We culminate our lease renewal service by negotiating the terms, instructing solicitors and seeing the renewal through to completion.
As with all our services, we consistently work transparently with both parties so each understands the terms of their agreement and which responsibilities lie with them.
Again, as with our rent reviews, we have the ability to act as expert witnesses if court proceedings are necessary and we can also advise on interim rents. If a lease is not to be renewed we can advise on dilapidations and the other issues that arise at the end of a lease.