The UK Landlord & Tenant law is complex and contains many potential pitfalls for both landlords and tenants.
We have a wealth of experience and qualification in this field and are able to represent parties and guide them through the required procedures at either lease renewal or rent review, in the case of landlords to maximise the future value of the property and for tenants to minimise or avoid unexpected future liabilities.
Adopting the correct strategy at lease renewal can be vital to achieving the optimum outcome. Our starting point is to sit down with our client and consider all of the relevant factors, including the level of passing rental, the current rental value and all other lease terms before deciding the best approach to the statutory notice requirements contained within the Act to bring a tenancy to an end and propose terms for a new lease.
At rent review we consider the terms of the letting, specifically looking for clauses which might affect the valuation approach, including the length of the lease, the user clause and alienation provisions. We then draw on our extensive market knowledge to arrive at an accurate and realistic assessment of the level of rental value that ought to be paid at review, before engaging in negotiations with the other party.
Repairing clauses in leases are an increasingly litigious area of property law, and we have developed considerable expertise in dealing with dilapidations, from protecting tenants by the preparation of ingoing schedules of condition, to negotiating end of term dilapidation claims and preparation of ‘Section 18’ valuations in our role as RICS Registered Valuers
We understand commercial property and the local market, if you require professional advice please get in touch