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Welcome to our Lease Advisory service, where our expert team specialises in innovative solutions for lease events that benefit both commercial property owners and occupiers. Lease events often involve intricate and financially significant implications, and no two situations are identical. We encourage you to reach out to a member of our Lease Advisory team today to initiate a conversation about your unique circumstances. With a strong presence within active market leasing and tenant representation, we are uniquely positioned to add substantial value and cost savings for our clients. Our approach is founded on our relationships and the latest market trends, allowing us to develop forward-thinking strategies tailored to your specific needs. Let us guide you through the complexities of lease management and help you achieve your objectives efficiently and effectively.

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Lease Advisory

We understand the complications and deliver solutions to those dealing with lease issues.

At Nicholas & Co. Surveyors, we understand that commercial property leases can be complex and challenging to navigate. Our Lease Advisory service is here to help owners and occupiers of commercial properties find the best solutions for their lease events and effectively manage their lease liabilities.

Our experienced team of lease administrators can help you with all aspects of lease administration, lease renewals, rent reviews, lease assignments, alterations, restructure and regearing. We specialise in identifying opportunities to add value and make savings for occupier and property owners.

In addition, our senior team is available for dispute resolution, arbitration, and expert witness services, where we work with our clients to resolve conflicts and disputes quickly and efficiently. Our multi-disciplinary approach gets positive results for our investor and occupier clients.

At Nicholas & Co. Surveyors we are committed to delivering tailored, innovative solutions to help our clients achieve their commercial goals contact us today to learn more about our Lease Advisory services and how we can help you find the best solutions for your commercial property leases.

Rent Review

Are you paying a fair market rent for your commercial property? Our Rent Review service can help you ensure that you are.

At Nicholas & Co. we understand that rent reviews can be complex and time-consuming. That's why our team of experienced lease consultants are here to help. We have a deep understanding of the property market and commercial lease, which sets out the terms of the rent review process.

Our Rent Review service is designed to help you navigate the complexities of lease agreements and ensure that you are paying a fair market rent. We work closely with our clients, both landlords and tenants to understand their specific needs and goals and develop a strategy that maximises the value of their interest.

We will handle all aspects of the rent review process from valuation, initial negotiations to final agreement. Our team of experts will provide you with a comprehensive analysis of the property market and comparable properties in the area to ensure that you are paying a fair market rent.

At Nicholas & Co. Surveyors, we pride ourselves on delivering exceptional results for our clients. Let us help you ensure that you are paying a fair market rent for your commercial property. Contact us today to learn more about our Rent Review service.

Lease Renewals

The devil is in the detail and we walk you through step by step.

Is your lease agreement coming to an end? Our Lease Renewal service can help you navigate the process and negotiate a new lease that meets your needs.

Lease renewals can be complicated and laborious, our team of experienced lease consultants are here to help. We have a deep understanding of the property market and the legal framework of the Landlord and Tenant Act 1954, which sets out the legal process for lease renewals.

Our Lease Renewal service is designed to help you navigate the lease renewal process in accordance with the 1954 Act and the Code for Leasing Business Premises in line with code of practice to negotiate a new lease that meets your commercial requirements.

We work closely with both landlords and tenants and will handle all aspects of the lease renewal process, from initial negotiations to final agreement. Our team of experts will provide you with a comprehensive analysis of the property market and comparable properties in the area to ensure that you are getting the best deal possible, while ensuring that your legal rights are fully protected under the Landlord and Tenant Act 1954.

At Nicholas & Co Surveyors, we pride ourselves on delivering exceptional results for our clients. Let us help you navigate the lease renewal process and negotiate a new lease that meets your needs. Contact us today to learn more about our Lease Renewal service.

Case Study - Tooth Club, Stevenage

Our Client’s Brief

We were instructed to carry out a rental valuation report and negotiate a reduction in the high rent increase proposed by their landlord on the rent review.

£40 per sq ft Money Saved

25% Reduction

Our Property Deal

Our client was hit with a 50% uplift rental increase reflects £50 per sq. ft Zone A. Initially the passing rent looked low enough that some uplift might be expected and that our negotiations would be focussed on minimising the extent of increase. As part of our normal due diligence we attended site to inspect and measure the property, along with reading the lease and other relevant licenses and documents and assessed a range of comparable evidence. There followed a considered negotiation and interpretation of all the variables in the case. The instruction was successfully concluded with small uplift in rent.

The Benefit to Our Client

We worked tiredly, analysing comparable evidence and liaising agents to verify and gain further information. Following our report, we agreed a strategy to start negotiation. Having contacted TOOTH CLUB, STEVENAGE the Landlords agent, we was able to present our findings and negotiate a rental equating to £40.00 per sq. ft. Zone A. Not only did the rent cost equate to over 25% reduction on the landlord proposal, our client was delighted with the turnout.

Commercial tenants are usually protected by the complex provisions of the Landlord and Tenant Acts. Nicholas & Co Surveyors has comprehensive knowledge of statute and case law and of the rights of landlords and tenants so that clients are fully advised both before and during negotiations. Local market knowledge and understanding of the detail of comparable transactions is key in successful lease negotiations. Nicholas & Co Surveyors offer director level service and act for both landlords and tenants in respect of office, industrial and retail premises in London and surrounding home counties. Rent reviews normally occur at 3 to 5 year intervals. Negotiations require a full understanding of the intricacies of the lease and rent review provisions together with case law and the Landlord and Tenant Acts with associated legislation. We offer market based, expert advice to landlords and tenants on rent reviews under existing leases. Our high level service includes a full inspection of the property, a thorough examination of the lease, meticulous market research for the area, detailed analysis of the comparable rental evidence and of course firm but pragmatic negotiation.

Frequently Asked Questions

What is a Rent Review?

A rent review is a process where the rent paid for a commercial property is reviewed and potentially adjusted to reflect changes in the rental market at regular intervals throughout the lease term. A Chartered Surveyor provides a detailed report for either landlord or tenant to help negotiate and agree on a new fair market rent.

How Does it Work?

A rent review service works by evaluating market conditions and comparable properties to determine a fair market rent for the property in question. The property professional will typically prepare a rent review report outlining their findings and recommendations, which will be used as a basis for negotiation between the landlord and tenant.

What is the purpose of a commercial rent review?

The purpose of a commercial rent review is to ensure that the rent being charged for a property is fair and reasonable, taking into account changes in the local rental market and other factors.

Who conducts a commercial rent review?

A property professional such as a surveyor or valuer will typically be engaged to assess the current market rent for the property and prepare a rent review report.

How is a commercial rent review conducted?

The property professional will provide an analysis of current market conditions and comparable properties in the area. The landlord and tenant will then negotiate the new rent based on this analysis.

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