Our Lease Advisory team offer comprehensive impartial advice to both landlords and tenants on all types of commercial properties including offices, retail and industrial premises across the South Bank and beyond.
We are highly experienced and deal with all aspects of lease advisory work, including: Lease Re-gears, advice on Break Options, Lease Renewals, Rent Reviews and Arbitration and Independent Expert referrals. Expert local knowledge of South London, coupled with the area’s most comprehensive quarterly market updates, ensures that the Union Street Partners lease advisory team are able to provide our clients with up to the minute market evidence across all commercial property sectors. Working closely with our agency colleagues, the lease advisory team have access to the largest amount of commercial data in the South Bank market, thus ensuring that clients are provided with impartial up to date, strategic property advice.
Our lease advisory team offer the following services:
Almost all commercial leases have rent reviews which were initially designed so that rents could keep up with inflation. The process now is much more complex and our team specialise in, not only the analysis of the market, but also of the lease agreement to ensure that we are securing the best results for both landlords and tenants. We have extensive experience of Arbitration and Independent Expert submissions at third party and our team are able to provide expert witness advice in rental valuation disputes.
Lease Renewals and Restructures
Depending on the state of the market at any given time, break options can be used by either a landlord or a tenant to help restructure their lease and secure more favourable terms. Our team of experts regularly advise on lease restructures and how best to secure favourable terms for the client. Our team actively set out to maximise the gains from such opportunities through the renegotiation of lease terms.
Lease Expiries and Renewals
Unlike rent reviews, the end of a lease offers the opportunity for the current lease agreement to be restructured and can involve the rent going up as well as down. Our team advise both landlord and tenant clients on the mechanisms associated with lease expiry and can guide on whether to serve a Section 25, 26 or 27 Notice, depending on requirements and the state of the market going forward.
Arbitration and Independent Expert
Where it has not been possible to negotiate a settlement on a rent review, the lease will usually allow for either party to apply for third party, whether it be Arbitration of an Independent Expert. Our lease advisory team have extensive experience of third party hearings and regularly act for both landlords and tenants as Arbitration or Independent Experts.