What is the market rent? What rights do I have? How can I improve my position? Can FHP help me?

Overview

A lease renewal is an opportunity for both landlord and tenant to draw breath and decide how they want to proceed with regard to agreeing another lease.

From a landlord’s perspective if renewing the lease is a preferred option the key items to consider are:-

  • What is the market rent?
  • How long a lease can I agree?
  • Do I have to give incentives?
  • Does the tenant have the protection of the Landlord and Tenant Act?
  • How will the above affect my investment value?!

From a tenants perspective the following points should appear in the thought process:-

  • Do we want to stay?
  • If yes, for how long?
  • What is the market rent?
  • Can I get any incentives?
  • Do I have the protection of the Landlord and Tenant Act?
  • Can I improve my position?!

At FHP our team are experts in dealing with office lease renewals successfully representing both landlords and tenants. We are familiar with both Section 25 and 26 notices and the legal implications thereof.

To see how we may be able to help you please contact one of the team below.

Current projects

We represent both Landlord and Tenants throughout the region including:-

  • Nottinghamshire County Council
  • Aberdeen Asset Management
  • Barker Ross Recruitment
  • Macildowie