Commercial Lease Advisory Services
The lease is often the most valuable asset a business tenant holds. Whether you are facing a rent review, negotiating a lease renewal, or taking on new premises, expert lease advisory services can save you significant sums and protect your long-term interests. Watkins Commercial has been advising business tenants on lease matters in Brighton, Hove and Sussex for over 40 years.
Rent Reviews
Most commercial leases provide for the rent to be reviewed at regular intervals, typically every 3 to 5 years. At each review, the rent is reassessed against current market evidence. Without professional representation, tenants risk agreeing to a rent that is higher than the true market value.
We act on behalf of tenants to:
- Gather and analyse comparable rental evidence from the local area
- Prepare a robust case for the tenant's position
- Negotiate with the landlord's surveyor to achieve a fair outcome
- If necessary, represent the tenant at an independent determination
Lease Renewals
Under the Landlord and Tenant Act 1954, most business tenants have a statutory right to renew their lease when it expires. However, the terms of the new lease, including the rent, length and other provisions, are open to negotiation.
We help tenants to:
- Understand their rights under the 1954 Act
- Negotiate the terms of a new lease that protect their business
- Ensure the rent is set at a fair market level
- Advise on whether to accept a landlord's proposed terms or seek an independent determination
New Leases
If you are taking on new commercial premises, whether for a new business or as part of a relocation, we can advise on the proposed lease terms before you commit. Key areas we review include:
- Rent and rent review provisions
- Lease length and break clauses
- Repairing obligations
- User clause and permitted alterations
- Assignment and subletting provisions
- Service charges and insurance
Business Rating Appeals
We also assist business occupiers with challenging their business rates assessment where we believe it does not reflect the true rental value of the property. A successful appeal can result in significant annual savings. Contact us on 01273 709090 to discuss your lease requirements.