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Lease renewals

At lease renewal there is an opportunity to potentially negotiate not just the rent, but all the terms of the lease.

That said the courts will primarily grant a lease broadly based on the expiring lease and if there are substantial unagreed changes to the terms then there is likely to be compensation to the affected party.

Over the last 10 years or so there has been an increasing tendency for leases to be granted outside the security provisions given by Sections 24-28 inclusive of the Landlord and Tenant Act, 1954. In essence the landlord holds the upper hand in a strong market where the tenant has no right to remain in occupation after the contractual lease end date.

In these circumstances a tenant, particularly, needs to consider his options early, so that he is not negotiating at a considerable disadvantage with his landlord at the lease end date. If the landlord is going to require unreasonable terms, unacceptable to the tenant, then the tenant will have no option but to accept or vacate. If the latter, this has to be planned for.

The Team

Chris Hollins

FRICS RPR  

Senior Commercial Property Manager

CONTACT ME ON:

T: 020 7520 2302

M: 07831 194834

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Richard Magee

BSc FRICS RPR 

Senior Valuer

CONTACT ME ON:

T: 020 7520 2304

M: 07788 421590

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Jessica Daubney

 

PROPERTY MANAGEMENT ADMINISTRATOR

CONTACT ME ON:

T: 020 7520 4006

 

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Henry Johnson

BSc MRICS  

Director - CARDIFF OFFICE

CONTACT ME ON:

T: 029 2066 0138

M: 07879 416756

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Tracey Ama

MRICS 

Senior Commercial Property Manager

CONTACT ME ON:

T: 020 7148 0504

M: 07545 609753

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