Lease renewals are a great opportunity: for tenants, there's the possibility of incentives or lower rent, or the chance to minimise dilapidations liabilities; for landlords, of maximising asset value and securing income.
We work with both occupiers and investors helping them make the most of these opportunities and mitigate against risk. We manage the national portfolio of lease renewals for clients including Claire’s Accessories, Carphone Warehouse, Boots and KwikFit, as well as Mapeley, Telereal, Rockspring and Henderson Global Investors.
Property intelligence: putting market data at your service
Market data is critically important when you’re negotiating a lease renewal.
Our national property database of leases, renewals and transactions provides our clients with valuable and reliable market data from across the UK, covering 70% of office and industrial key markets.
We use this information to put forward the best possible evidence on your behalf. It will also help you budget effectively and mitigate the risk of surprise as negotiations progress.
Expert witness: because lease renewals aren't always amicable
We know that lease renewals can be a legal minefield. Our team includes chartered surveyors who are experienced expert witnesses so we can take your case to court or other third-party determination if necessary.
Covering all the options to improve lease terms
Lease renewals aren’t just about rent. We will look at many options to minimise risk and maximise opportunities, including:
- Schedule of conditions
- Removal of onerous clauses
- Service Charge Caps
We understand the concerns and negotiation strategies of both parties and will use this insight to deliver the best possible result for you, whether you’re a landlord or an occupier.
We know your market
Are you aware of what’s happening in your local area and how this might affect your choices at lease renewal? What other tenants have lease breaks in the area? What about planning or road policies – do they have a positive or adverse affect?
We understand your local market context – we have a network of offices across the UK and a strong research team. Our local knowledge is all part of the service.