Rent Reviews and Lease Renewals
The Savoy Stewart Professional Services team provides advice on a nationwide basis dealing with retail, office and industrial property. We provide comprehensive advice and a high level of expertise on the following:-
RENT REVIEW and LEASE RENEWAL NEGOTIATIONS.
We advise on the validity of notices, the effect on rent of lease terms, improvements, service charge requirements and dilapidations liabilities.
Our approach ensures we closely monitor current market trends, Royal Institution of Chartered Surveyors’ guidelines and all the latest case law and legislation. Our knowledge is the reason we achieve success in property negotiations.
ARBITRATIONS and INDEPENDENT EXPERT PROCEEDINGS
As well as acting as Expert Witnesses in Court proceedings, we can provide general advice, prepare reports and give expert evidence at Arbitration and Independent Expert proceedings acting for both Landlords and Tenants.
VALUATIONS
We undertake valuations for asset purposes, loans, probate and taxation on commercial and residential property. These are undertaken in accordance with professional and regulatory standards. We will also provide rental valuations.
In order to obtain clear, impartial and expert advice on the Rent Review procedure please speak to one of Savoy Stewart’s qualified Chartered Surveyors, Stephen Rajbenbach FRICS or Richard Violet MRICS, who are both members of the Royal Institution of Chartered Surveyors, one of the most respected property organisations worldwide.
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The machinery governing the conduct of the lease renewal process is set out under the Landlord and Tenant Act 1954. If you are facing a lease renewal, we provide further information on the lease renewal procedure and the laws governing lease renewals.
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The machinery governing the conduct of the lease renewal process is set out under the Landlord and Tenant Act 1954.
Outlined below is a brief resume of the lease renewal procedure.
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