Modern commercial leases provide the opportunity to review the level of rent paid or received usually only once in every 5 year period. Leases usually expire on a less frequent basis. The outcome of such events is therefore equally important to both investors – seeking to maximise income and capital return – and to tenants – seeking to contain their operating costs. From both parties perspective obtaining the best advice is of paramount importance.
 
Using our extensive market knowledge our service includes;

• Advice on the implementation of lease renewal or rent review, the timing appropriate to implementation and advising on the right strategy to meet the objectives of individual clients;
• The provision of an early indication of the appropriate level of rent calculated in accordance with the terms of the lease and having regard to prevailing market conditions;
• Negotiating to achieve a satisfactory outcome for the client including, in the case of lease renewals, advice on the terms of the new lease and rent review provisions;
• If a satisfactory settlement is not available through negotiation, representations – either written or oral – will be made to Arbitrator, Independent Expert or the Court.

Rent reviews and Lease Renewals are an area of property that is inextricably linked with the Law; where points of law arise we are able to advise on the most appropriate, and cost effective, means of resolving the issue and often seek advice from Counsel through Direct Professional Access.