Commercial Lease Renewal
On questions relating to lease renewal, if you are the landlord or tenant of commercial property, the Landlord and Tenant Act 1954 (the 1954 Act) is relevant to each parties’ rights and obligations.
Where a tenant has a right to renew their lease under the 1954 Act, both the Landlord and the Tenant will want to get the best possible deal. Often the rent is the main focus, and we will work closely with your valuation surveyor to put your best case forward.
There can often be disagreements about other terms of the lease, such as how long it should be, whether any works of repair should be carried out, and whether the lease needs updating. It is important that you instruct a solicitor who will take time to understand your needs and push to achieve them.
In some cases, a landlord may prefer not to grant a new lease to the tenant. Whether you are a landlord or a tenant in this situation, we will advise you where you stand and help you to plan your strategy.
“Thank you Mike for your diligence and ready accessibility; we really appreciated that.” MA
Dilapidations
Dilapidations are ‘exit costs‘ for a tenant at the end of their lease. These costs are typically attributed to putting the property back into repair, ie repairs or reinstating any alterations. A schedule of dilapidations is presented to the tenant by the landlord which can often come as an unwelcome and potentially very expensive surprise. It is not surprising that disputes often arise over dilapidations.
The tenant may feel they have looked after the property and returned it in good condition, but the landlord will often see things very differently, especially if they have to carry out works to the property before it can be re-let.
Whether you are a landlord or a tenant facing a dilapidations claim, we will provide you with clear and practical advice on what you are entitled to expect legally, and how best to approach the resolution of the problem on a commercial basis.
Commercial Rent Arrears
If you are a commercial landlord, you will be relying on your rental income. If your tenant stops paying rent, we can help you take fast and effective action.
“I would like to thank you for your expertise and speed [in the recent matter].” HT
Follow these links for information on:
Selling or Transferring your Freehold
Leaseholder’s Right of First Refusal to purchase Freehold – information for Leaseholders
Contact
For further information, contact commercial lease dispute solicitors Mike Hansom at mike.hansom@blbsolicitors.co.uk. Alternatively, call him on 01225 462871 or complete the Contact Form below.
