leases with terms of more than 4 or 5 years will contain
a provision for a rent review. The review will provide
the Landlord with an opportunity to increase the rent
in line with current open market values. Reviews carried
out over the last few years have seen a period of dramatic
rental increase and as a result quoting rents have risen
sharply. As a Tenant's major operational cost, we recommend
professional assistance to ensure that this cost is
kept as low as possible.
London Professional Surveying Services we have extensive
knowledge of up to date case law which can effect the
outcome of a review together with broad based market
knowledge. There are sometimes provisions within a rent
review clause which could make the review time sensitive.
Tactics are crucial during this period of review and
it is important that discussions commence at a time
which optimises the tenant's position. Therefore it
would be beneficial for you to contact us at least one
year before the review date.
usually work on a performance-related fee in settling
your review. However, in accordance with RICS guidelines
we are required to charge a time-related fee if the
matter progresses to a third party. We will only recommend
a third party settlement if it is in your best interests
to do so. We have experience of preparing evidence for
the arbitrator or expert and also the negotiating and
advocacy skills that are necessary to deal effectively
in these circumstances.
a lease comes to an end either through the use of notices
or effluxion of time, a Tenant has to make a fundamental
decision on whether to renew the current lease and remain
in occupation, or move to another property.
London Professional Surveying Services we will assist
you in making this decision by ascertaining the short,
medium and long-term goals of your company, and the
way in which a property will facilitate these goals.
We will carry out a market appraisal to ascertain the
costs of remaining in your current premises and will
provide a well researched summary of alternative options.
you choose to remain in your premises then there are
essential steps you must take to ensure your position
is fully protected. Firstly, if your lease is within
the Landlord and Tenant Act 1954 then notices have to
be served at the appropriate time. If the lease is outside
the provisions of the Act, then negotiations for a new
lease may need to take place much earlier in order to
protect your position.
strongly advise businesses to start considering strategy
at least eighteen months prior to the lease expiry date.
London Professional Surveying Services will be delighted
to meet with you for a "no obligation" first
meeting to discuss these issues in greater detail. We
have the skills and working knowledge necessary to ensure
that the outcome is in your best interest, whilst costs
are kept to a minimum.