Reviewing heads of terms
If you have just agreed terms on a new lease with a landlord but are unsure whether they are competitive, we can help. We can also provide advice on whether the terms can be enhanced to better protect your long term interests. For example, we might recommend that the conditionality of a break clause is altered slightly to reduce the risk of a technical breach occurring in the future. We might even be aware of more attractive tenant space that is available within the same building and which you might not necessarily be aware of.
Reducing your property costs
There are many ways to reduce your property costs. We can explain your options on a completely confidential and conflict free basis. For example, it may be possible to relocate to tenant space within the same building even when there does not appear to be any such space available. Remember, tenant space within multi-let buildings cannot be advertised by way of a ‘To Let’ board so it is invisible at street level.
Assessing your dilapidations liabilities
It is worth remembering that when you vacate a leasehold property, your liabilities do not necessarily end there. Your lease will probably require you to meet certain repairing and re-instatement obligations before you vacate. It is essential that you know what these are before you leave because rectifying them later will be far more costly than attending to them in advance. We can provide this information in what is termed an Assessment of Liability Report. This details the cost of meeting all repairing and reinstatement liabilities.
Checking quoted floor areas
The measurement of floor areas is becoming increasingly complex after new rules were introduced on 1st January 2016. The scope for errors is therefore increasing which means you should always have your floor areas checked by an experienced surveyor acting independently of your landlord.