Fenn Wright can help landlords and tenants get more value from their lease agreements by negotiating optimum terms.
Our lease advisory service includes:
- lease renewals and rent reviews
- advice on lease breaks and restructuring
- submissions to arbitrators and independent experts
- dilapidations negotiations
Rent review negotiations
Our agency activities within the local commercial property market and access to databases of comparable evidence, together with our professional negotiating skills mean we are well placed to ensure the best deal is agreed.
The end of a lease offers the landlord and tenant the opportunity to reassess terms and make changes. We are conversant with the statutory framework set out in the Landlord and Tenant Act 1954 and our team is experienced in managing this technical process. We can give expert advice on all lease terms to ensure that they are appropriately aligned to your objectives.
Arbitration and independent expert surveyor submissions
Most rent reviews can be settled by negotiation but occasionally the matter will need to be referred to either an Arbitrator or Independent Expert surveyor for determination. Our lease advisory team is fully conversant with the provisions of the Arbitration Act 1996 together with fast changing leasehold contract law. With an extensive database of evidence, we can be sure to present the most accurate and current case to the third party.
Lease breaks and restructuring
Maybe you wish to undertake an appraisal of your leasehold liabilities or are looking to minimise voids whilst maximising investment returns? We can make the most of contract opportunities by providing sound strategic advice, based on a thorough financial appraisal of options, and negotiate new lease terms.
Dilapidations are a very complex subject where the cost of building repairs and reinstatement overlap with valuation issues and legislation – particularly in relation to S18 Landlord and Tenant Act 1927 valuations. A successful outcome often requires a multi-disciplinary approach involving legal expertise and building surveying expertise. Our team has both.
Please get in touch or call your local commercial team in Ipswich, Colchester or Chelmsford. We will be happy to outline how we may be able to help with your specific situation and provide a competitive fee quote.