+
Lease Advisory >
This is a comprehensive service looking at the current contractural situation under the terms of the lease and identifying options as per your business requirements. From a landlords view this may involve restructuring a lease via negotiation and agreement to improve capital value or reduce risk. From a tenant view this might involve suggesting opportunities to provide more flexibility or cost control to assist your business. We would seek to do this via an appropriate professional discussion to reach mutual agreement between the contracted parties.
This also includes advice as to the interpretation and application of lease provision including dispute resolution.
+
Rent Reviews >
We offer a full rent review service from initial rental valuation and strategy advice, through to the negotiations of the rental level, and if necessary making representations to third parties to achieve settlement.
Our initial advice would have full regard to the terms of the lease where the individual lease covenants impact significantly on rental level. We also comprehensively review any other lease documentation such as deeds of variation and licences for alterations. We carry out detailed property inspections and measurements.
We have a wealth of comparable information and will consider the current state of the market as at the appropriate rent review date.
This will allow us to put forward suitable recommendations to the client and to proceed with the professional negotiations to achieve the best possible settlement.
+
Lease Renewals >
We offer a full lease renewal service from initial rental valuation and strategy advice, through to negotiating and concluding a lease renewal. We will provide you with suitable advice and work closely with your solicitors regarding notices and applications to the Court where required. Our aim is to consider all important aspects such as lease flexibility, issues arising from dilapidations etc so that lease renewals can be completed smoothly while achieving all the important aspects.
+
Break Clause Strategy >
Given the current difficult market this is a important factor and we would discuss your business aims with you along with the relevant clauses within a lease. For occupiers this gives an opportunity to negotiate in advance to see if more suitable terms can be agreed in return for not exercising the break. A break can also allow the option of moving into other premises more suitable for the business longer term. For landlords, negotiating out breaks can improve asset valuations and reduce the risk to the income.
We are skilled at brokering arrangements in this challenging market for both occupiers and landlords.
+
Asset Management >
We provide a complete and solution led asset management service. Our considerable expertise can provide a detailed overview of your investment or occupational portfolio, identifying ways of improving and enhancing your assets. We can then put this plan into action carrying out initiatives such as lease regearing, new lettings, asset enhancements, alterations, sublettings and assignments etc. We can also act to advise you in advance of key lease dates such as lease expiries and breaks with our recommendations as how we could deal with the matter most effectively.
+
Strategic Advice >
This could involve an overall analysis of your existing properties and identification of ways of improving the value or use to your company. As an example it may involve rebranding a secondary industrial estate and increasing its value by changing it over time through planning and lettings to a trade counter park. As an occupier you may be wishing to exit out of certain properties – we can help you to identify those that would be most suitable to dispose. We are particularly skilled at doing turnarounds of assets/properties that are underperforming or have particular problems.
+
Relocations >
This could involve an overall analysis of your existing properties and identification of ways of improving the value or use to your company. As an example it may involve rebranding a secondary industrial estate and increasing its value by changing it over time through planning and lettings to a trade counter park. As an occupier you may be wishing to exit out of certain properties – we can help you to identify those that would be most suitable to dispose. We are particularly skilled at doing turnarounds of assets/properties that are underperforming or have particular problems.
+
Agency – Property searches and disposals >
We would discuss your requirements with you establishing a detailed brief. For occupational searches we would provide a short list, arrange viewings and then negotiate on the preferred property on your behalf. We would negotiate appropriate heads of terms to suit the cost and flexibility of your business. We would then work closely with you and your solicitors to ensure a smooth and swift occupation. The current economic market would allow competitive terms to be agreed. On disposals of leasehold interests we would provide you with a detailed report with our recommendations. We would then market the property for assignment, subletting or new lease, carry out viewings and negotiate with interested parties to secure a disposal.
+
Investment – acquisitions and disposal >
We would discuss your requirements with you establishing a detailed brief. We would then closely monitor the market and actively seek new investments that would meet your criteria. For disposals we would provide a sales and marketing report setting out our recommendations. On both acquisitions and disposals we would work closely with you to complete an appropriate transaction.
+
Advice on dilapidations >
We can provide early advice on dilapidations at lease expiry or break clause for landlords or occupiers. This will allow full transparency of required works and costs so that the matter can be resolved prior to the expiry of the lease term. This is particularly important if you are vacating a property in order to then occupy an alternative property as dilapidations can be an expensive and drawn out matter.
+
Rating – Advice and appeals >
Business rate demands are being sent to occupiers with significant uplifts in costs. We can advise as to the chances of successful appeal and reduction. We can then carry out the appeal process on your behalf with the aim of achieving potentially significant savings in some cases.
|