Proven strategies for achieving business goals
Virtually all property sectors within the UK have seen significant rental growth over the last five years. Whether you are an investor looking to maximise income or an occupier trying to control costs, these increases will have an impact on your business.
At Avison Young, our Lease Advisory team are specialists in the office and industrial sectors and can assist you with a combination of technical expertise and market facing knowledge. Our approach places your needs at the centre of everything we do.
The team can assist you with advice on the following issues:-
- Rent reviews
- Lease renewals
- Dispute resolution, arbitration and expert witness
- Lease restructuring
On all Lease Advisory projects, we take care to understand your needs and drivers before entering into negotiations. We consider the lease event to be an opportunity to add value for you. We act for both landlords and tenants, where no conflict exists, and understand the drivers on both sides, enabling us to consider all the relevant opportunities.
If there is one thing we can be certain of in the world of commercial property, it’s that the market is cyclical. Right now? Rent reviews are back in fashion and it can often be a painful experience for the tenant. Not surprisingly we are also seeing landlords take a more aggressive approach. No longer are they just “happy to have a tenant paying the rent."
One of the questions we are often asked is; how long will the rent review take? The answer often depends on how ready each party is to start the process. Landlords normally control but, what if the occupier took a proactive approach?
At Avison Young, we have a process that we refer to as “Think - Plan - Do” where taking a proactive approach to rent reviews allows the parties to have a greater degree of certainty going in to the process, meaning it is more likely the outcome of a rent review could benefit both parties and create a “win/win” scenario.