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If you are a Landlord or a Tenant of commercial property you can make sure your lease works to your maximum advantage. Simon Powell Commercial can act on your behalf in relation to Rent Reviews, Lease Renewals and general advice relating to the terms of the lease and the obligations of both parties. For Rent Reviews and Lease Renewals the service includes:

  • Taking instructions and discussing the background to the property;

  • Reviewing the Lease and making sure that the appropriate requirements of the Lease are taken into account in the Review or Renewal process;

  • Undertaking a detailed inspection of the property and analysing the rental value taking account of all the factors that need to be considered under the terms of the lease;

  • Providing advice and recommendations prior to issuing or responding to the relevant notices;

  • Issuing or responding to the formal Rent Review or Lease Renewal notices in accordance with the terms of the Lease and the Landlord and Tenant Act 1954;

  • Undertaking negotiations on behalf of the client to their maximum advantage;

  • Preparing or checking the relevant Rent Review Memoranda or new lease that needs completing.

REASONS TO USE THE SERVICE

  • Ensures that the terms of the lease and all other all relevant factors are taken into consideration in determining the Reviewed Rent or discussing terms for a new lease. It should be remembered that in determining the rent, it is not just a case of what a similar property might rent for, legal, planning, construction and other factors can all play a significant part.

  • As well as providing peace of mind, the service will often pay for itself in terms of the financial impact of the advice given.

  • The cost of the service can be tailored to suit the value of the premises concerned and the clients budget where appropriate, so please contact Simon Powell Commercial for a no obligation chat.

 N.B.

In addition we can also advice on most other aspects of the lease as well as draft and complete various legal documents including the lease itself.

 Rent Review agreed on premises in Newton Abbot for NFU Mutual Limited