Our lease renewal negotiation service is designed to enable clients to benefit from our local knowledge of the market and to obtain best value, particularly in a market where rents are falling and where landlords are being more generous in offering rent-free periods and capital contributions.

We act on behalf of tenants to achieve best results in lease renewal transactions.

 

Our lease renewal service covers:

• Rental valuation and appraisal of lease terms
• Tactical advice on timing and serving of statutory notices
• Advice on case law and legislation in conjunction with our Clients’ solicitors
• Negotiation and representation at County Court

A successful lease renewal will be the result of in-depth research, technical expertise and skilful negotiations of the terms of the new lease. We possess excellent understanding of these issues and bring our knowledge of them to bear in representing our clients.

We also provide advice on compensation matters in the event of landlord’s successful opposition to the grant of a new lease.

We can assist with the following:

• Assessment of rental value
• Negotiating rent free periods/landlord’s capital contributions
• Measuring and agreeing the rentable floor area
• Providing rental evidence of comparable office lettings to enable a lower rental settlement to be negotiated
• Negotiating the detailed lease terms
• Preparation of Heads of Terms document – setting out the agreed lease terms
• Representing tenants in rent review negotiations

We also provide advice on compensation matters in the event of landlord’s successful opposition to the grant of a new lease.