Lease Renewals Are A Great Opportunity
Lease renewals provide a genuine opportunity for tenants to consolidate their occupation and mitigate business risk in response to a fast-moving property market.
Amongst some of the options for a tenant include:
• the possibility of rental incentives to provide a much-needed breathing space for a given period of time
• a reduction in the passing rent to bring it into line with the passing rent of competitors
• minimise dilapidations’ liabilities
• removing onerous lease terms
• introducing greater flexibility into leases
The benefits of a lease restructure for a landlord include some of the following:
• a lease extension will improve the landlord’s asset value
• securing a longer-term revenue stream
• the possibility of greater flexibility, such as inserting landlord or mutual break options
Our Expertise In Lease Renewals
We are experienced at managing national portfolios of lease renewals for a variety of clients.
Options to improve lease terms at renewal are not isolated to simply reductions in rent but include minimising risk and maximising opportunities. These include incorporating schedules of condition, removal of onerous clauses and service charge reviews.
We have a deep insight of negotiation strategies and appreciation of both parties’ negotiating positions. We are confident in our ability to deliver the best possible result for you, whether you’re a landlord or an occupier.
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