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Property leases are more than a battle of wills between tenants and landlords. Whether it is negotiating a rent review, renewing or surrendering a lease, or re-structuring a lease from scratch, a whole host of potential problems can arise.
Whether you’re a landlord or a tenant, our team of 23 specialists are on hand to lead you through some difficult negotiations, especially in light of the recent reforms to the Landlord & Tenant Act .
Services for Landlords
Being on top of the leases in your investment portfolio will improve your returns says IPD. We agree. In the latest year for which independently measured figures are available, we achieved 3.8% pa rental growth. Our competitors managed –0.3%. Exceeding benchmark rent reviews, and the timely negotiation of lease renewals or lease restructuring is what we deliver.
Services for Tenants
We fully understand that occupiers - those with portfolios running into millions of square feet or those with single properties - need to plan ahead in budgeting for fixed costs, including rents.
In a market where upward only rent reviews are still the norm in the majority of commercial leases, the current economic uncertainty and the need to monitor cash flow make this knowledge especially pertinent. Occupiers should be aware, for instance that the strong rental growth experienced on the majority of properties during 2006 and 2007 has now all but ceased.
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