Landlord - Tenant
The Harvey Burns & Co professional services team has many years of experience providing practical advice to landlords or tenants for all commercial property on market rentals and lease negotiations.
With extensive records of comparable evidence and current deals within the changing market place, Harvey Burns & Co has the knowledge and thorough understanding of the market to support clients through the negotiation of new leases, lease renewals, surrenders and rent reviews. We act for both Landlords and Tenants in respect of establishing rental values at rent review. Our advice depends on the client however the following table sets out what we achieve.
Rent reviews:
- Seek to increase rental values and protect capital values
- Re-gear leases to provide longer term security of income
- Prepare Third Party submissions for disputes for an Arbitrator or Expert determination
- Consider re-gearing leases and leasing with tenant to achieve this through cost/benefit evaluation
- Preparing detailed comparable evidence to establish provable rental values
- Evaluate review strategies for large property portfolios
Lease renewals:
We have extensive experience in dealing with lease renewals for both Landlords and Tenants.
The advice varies on depending on the requirements of the client; however we consider the impact of the leases being inside or outside the security of tenure provisions of the Landlord & Tenant Act 1954.
We consider rental values, incentive, lease lengths, rent review pattern and repairing liabilities. Schedules of conditions are also considered together with Service Charge considerations.
