| Renegotiating a lease is a business critical event
which can sit at the heart of corporate strategy. Getting
the lease terms right can have significant benefits
for a landlord or tenant. Conversely, getting them wrong
can result in potentially disastrous business consequences
for tenants and can significantly affect covenant strength,
income flow and investment value for landlords. Lease
structure, length, repair/renewal and redecoration
obligations and notice requirements are all factors
that affect the renewal process as does the underlying
rent agreed.
Timing again is critical and we advise all clients
to begin the planning process at least 6 months prior
to the lease end date.
As ever we employ a rigorous process to all lease
renegotiations for either landlord or tenant. |
