Landlord & Tenant
At the end of a lease a tenant may wish to remain in the premises, and can either hold over on existing terms, or either the landlord or tenant can serve notice ending the tenancy or request a new one. This is a complex process with many potential reasons for serving or not serving notice. We represent both landlords and tenants in these matters, as well as negotiating the terms of the new lease. Alternatively, the tenant may wish to move to new premises and if you are considering moving, our agency team would be happy to source one for you.
New Lease Negotiations
It is extremely important that clients who are considering taking a lease for commercial premises obtain professional advice from both a commercial solicitor and commercial surveyor. We specialise in negotiating the most flexible lease terms possible and advising you on the impact of lease terms on your future occupation and assignment. This area of the property market can be fraught with difficulties. Obtaining initial professional advice and a comprehensive Schedule of Condition at the time of occupation will save you money in the long run.
In April 2010, the new Ratings List was published by the Valuation Office Agency, based on the rental value figure at 1 April 2008. We act for clients in an initial review of their Business Rateable Value assessments, based on comparable evidence, the hypothetical tenancy within rating legislation and case law. We can undertake negotiations with the Valuation Office Agency (VOA) and, if necessary, act as Expert Witness at the Valuation Tribunal or Lands Tribunal.
Most commercial leases contain a clause allowing the landlord to review the rent at regular periods during the term of the lease. The law surrounding rent reviews and lease clauses can be complicated and it is always recommended that professional advice is sought. We can provide a full range of advice with regard to triggering or defending rent review actions for both landlords and tenants.