Whether you are a landlord or tenant of commercial property it is important to make sure that your lease works for you.
Ward Chowen Commercial have a detailed knowledge and understanding of the commercial property market in the area within which we operate. Our experts as Chartered Surveyors have the high level of valuation and legal expertise necessary to ensure that the client is in as strong a negotiating position as possible based on unrivalled market knowledge and over 30 years of experience.
We are able to offer advice on the following:
Lease interpretation and the implications of lease clauses including break clauses.
Current rental values based on unrivalled local knowledge.
An appreciation of market trends.
Lease renewals – the terms of a new lease, the service of the appropriate notices under the Landlord and Tenant Act 1954, negotiation between the parties and liaising with the solicitors drafting the lease.
Rent reviews – the service of the appropriate notices (if necessary), the valuation of the property for rental purposes taking into account current property values whilst also recognising how the terms of the lease and the rent review clause might impact upon a property’s rental value. Negotiating the new rent and in the absence of agreement proceeding with a third party determination.
Liabilities at the end of a lease including dilapidations.