Rent Reviews
Most commercial leases contain a clause to review the rent at regular intervals during the term of the lease. The law surrounding rent reviews and lease clauses can be complicated and it is recommended professional advice is obtained. We can provide a full range of advice with regards to either triggering a rent review or defending a rent review for either the Landlord or Tenant and are able to conduct negotiations on behalf of our client to achieve the best possible result.
This is a complex process and requires forward planning and professional advice to maximise the opportunities presented by a lease expiry.
Lease Renewals
Most leases will normally have Security of Tenure under the Landlord and Tenant Act 1954. This means that tenants are entitled to a new lease for the occupied premises under the same terms as the existing lease. Landlords have limited grounds for opposing the grant of a new lease. At the end of a lease, the tenant may wish to remain in the premises and can either hold over on their existing terms or the Landlord or Tenant can serve a Notice either ending the tenancy or requesting a new one.
We represent both Landlords and Tenants in these matters and are able to conduct negotiations on behalf of our client to achieve the best possible result for them. This is a complex process and requires forward planning and professional advice to maximise the opportunities presented by a lease expiry.
