lease advisory

At Caxtons we provide informed and extensive advice for landlords and tenants across all the main property sectors.

advising people
in property

specialist team providing technical legal expertise

Our professional team includes specialists who can provide technical legal expertise on the whole range of landlord and tenant issues.

Our services acting for either landlord or tenant include:

  • Commercial property rent reviews
  • Commercial property lease renewals
  • Residential property leasehold enfranchisement
  • Lease Restructuring
  • Leasehold Reform
  • Arbitration and Independent Expert Referrals
  • Section 18 (1) in value assessments (Dilapidations)
  • Expert Witness and Dispute Resolution
  • Property Litigation

 

For advice and more information please get in touch with the valuation & lease advisory team who will be happy to discuss your requirements.

Our consultants also provide advice on:

Daniel Thackray

BSc(Hons) MRICS
Director

T: 01227 207089
E: [email protected]

the problem:

Caxtons manages various shops in East London, one of which had been let to a bank for a short term at a rent of £20,000 per annum. The tenant asked for a new lease but at a reduced rent of £18,000 per annum.

the solution:

The property was re-inspected to ensure that no changes had occurred since the lease began. Several rental transactions were analysed to check the market rent, the most optimistic of which would have supported a rent around £36,000 per annum but a rent of £27,840 per annum was proposed. That was rejected by the tenant. After lengthy negotiations and with the support of a rent being agreed on a neighbouring shop, a revised rent of £23,000 was agreed, which was satisfactory to the landlord. Instructions were sent to the landlord’s solicitor to complete a new lease until 2019.

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