Whether rents are rising or falling, it is fundamental to any business to establish an economic basis upon which to tackle the years ahead. When London commercial property rents are rising it is incumbent upon the tenant to take the initiative and ensure that the rent is agreed as soon as possible. Failure to do so in such a market would mean paying a higher rent.
We ensure that the landlord is approached at the appropriate time in order to secure the most favourable terms. Although most leases are now outside the Landlord and Tenant Act 1954, giving a tenant no security of tenure and no rights to a third party to settle matters, landlords will invariably take a note of rental evidence which our unrivalled database of properties and transactions has produced. In a landlords market, this ensures that any increase is kept to a minimum and in a tenants market, a probable decrease in rent is achieved.
We ensure that occupational costs are kept to a minimum as well as the lease terms kept as favourable and flexible as possible.