Rent Reviews, Lease Renewals/Restructuring
From either a landlord's or tenant's perspective, it is important to be able to negotiate the best outcome in any negotiation concerning rent review, lease renewal or restructuring.
For tenants, leases can present a significant long-term obligation, often with hidden costs for the unwary, such as dilapidations. Sound advice prior to commitment can save considerable sums over the term of the lease. In today’s 'tenant’s market', substantial concessions can be negotiated as part of a lease renewal or restructuring.
Landlords can also benefit from employing a surveyor with a wider knowledge of the impact of lease terms on the investment value of the property. For instance, negotiating a longer lease or removal of tenants break clause in exchange for a rent concession, can still often enhance investment value, making the deal attractive to both parties.
If you need advice on rent reviews or lease renewals or restructuring, whether you are a property owner or lessee, contact Guy now on 01453 767864 or 07828 119455 for an initial discussion.
