When a commercial property lease becomes due for renewal, landlords and tenants have statutory rights. We guide our clients through the renewal process to ensure that rights are not lost and maximum value is secured.
SFP Property’s approach can help you to mitigate the risks associated with the lease renewal process. We have a strong track record of helping both landlords and tenants secure outcomes aligned with their strategic objectives. Our detailed knowledge of the commercial property market and current market trends enables us to provide advice and to determine the most appropriate strategy. We take an individual approach to every case, providing bespoke advice to our clients.
The Landlord and Tenant Act 1954, and associated legislation, provides the procedural basis for lease renewals, including detailed timetables which if not adhered to can expose both parties to financial disadvantage.
As a lease renewal event approaches, it is essential for both landlord and tenant to have a clear understanding of their rights and obligations, along with a strategic perspective on the course they wish to take.
Issues which need to be considered when approaching a lease renewal include: