Services
Commercial Property Lease Renewal
In Commercial Property Lease Renewals, BNE employ their expertise in commercial rental values, intimate knowledge of legislation and associated case law to negotiate the most beneficial outcome for their clients.
BNE’s considerable experience in this complex area will ensure that you obtain the most beneficial outcome in the most cost effective way.
Support with Court Proceedings
Unless specifically excluded, all leases of commercial property in England and Wales have the protection of the Landlord & Tenant Act 1954 that gives security of tenure rights to tenants, but also gives landlords the right to deny tenants new leases on specified grounds.
BNE’s thorough knowledge of this legislation and the case law that has grown up around it, will ensure that your property’s interests are fully protected and you achieve the best possible outcome for your business.
Most lease renewal negotiations are settled by agreement. However, if not and the property is located within England or Wales, the matter will be heard by the appropriate court or, if unopposed, the parties can agree to appoint either and Expert or Arbitrator to determine the terms and rent payable for the new lease under the PACT Scheme.
If your case is contentious, BNE will advise you of the risks and rewards of pursuing court action or referring the matter to PACT to enable you to make an informed decision in the light of the likely outcome and cost of proceedings.
Should your case be referred to court or PACT, BNE will liaise with your legal advisors to ensure smooth progress of your case and provide clear, concise and objective Expert Witness statements so that your case is fully understood by the Judge, Expert or Arbitrator deciding the matter.
Help with the Alternatives to Renewal
If a tenant chooses not to renew or has its claim for a new lease defeated by the landlord, BNE can advise on the level of compensation that becomes due. Moreover, BNE’s agency department can advise on alternative premises (sales and lettings) and BNE’s building department can advise on dilapidations if appropriate.