Whether Landlord or Tenant a clear understanding of your position is crucial in terms of managing your property interests to your best advantage.
Issues to consider beyond rent review and lease renewal include break options, dilapidations and lease restructuring
Having an active involvement in agency our surveyors are very well placed to observe activity in the market place and identify emerging trends. This provides a strong platform from which to advise both landlords and tenants with regards expectations particularly in relation to rent and terms. Additionally an understanding of the legislative framework leaves our surveyors well placed to advise in the event of a rent review or lease renewal.
Restructuring of lease obligations is an increasingly common activity in the current climate with both landlords and tenants looking to renegotiate positions going forward. Our surveyors can give reasoned and intelligent advice.
Dilapidations can have significant impact on both landlords and tenants. Working closely with building surveyors and solicitors we advise both sides on their respective positions. Statutory provisions can potentially cap a tenant’s exposure to a dilapidation claim under Section 18(1) Landlord and Tenant Act 1927 diminution in value. Again our surveyors can advise.