Lease Renewals - for tenants and landlords

Renegotiating a lease is a business critical event which can sit at the heart of corporate strategy. Getting the lease terms right can have significant benefits for landlords or tenants. Conversely, getting them wrong can result in potentially disastrous business consequences for tenants and can also significantly affect covenant strength, income flow and investment value for landlords.

Lease structure, length, repair/renewal and redecoration obligations and notice requirements are all factors that affect the renewal process, as does the underlying rent agreed.

Timing again is critical and we advise all clients to begin the planning process at least 6 to 12 months prior to the lease expiry date.

As ever we employ a rigorous process to all lease renegotiations for either landlord or tenant and these processes provide the competitive edge.