We have the relevant experience and detailed market knowledge to provide tailored expert advice to guide clients through the complexities of negotiating rent reviews and lease renewals.
As Chartered Surveyors we act for both landlords and tenants. This enables us to give balanced and accurate advice and to negotiate effectively through to the process of third party referrals for arbitration or an expert valuer, including proofs of evidence and counter submissions.
The specific terms of any existing or proposed leases have a significant bearing on value. The exact wording of the tenant’s obligations and responsibilities, the repairing and decorating covenants, length of lease, rent review pattern, break clauses, user clause, ability to assign or sub let and service charges will all have a positive or negative impact.
We are also skilled in advising clients when re-negotiating lease terms mid lease or agreeing a re-gearing of the overall lease terms to suit the needs of both landlord and tenant. In the current tough economic climate such flexibility can be advantageous to both parties.