The process of renegotiating rents and the terms of a lease either by virtue of a rent review or a lease renewal is a complex process dictated by law with adherence to strict timetables and where professional representation is essential.
Harrison Leggett are Chartered Surveyors combining a thorough knowledge of the marketplace and values with long established experience in negotiation, an understanding of the technicalities of buildings and an ability to assimilate the complexities of modern leases.
Our day to day market activity means we are best placed to provide pin point estimates of value.
Under certain market conditions occupiers can use a lease “event” such as a break option or expiry in order to radically alter the terms of their occupation.
Benefits can include reduced rent, rent free periods or capital contributions.
Business Rates
The current level of rates is based on the 2010 rating revaluation this constitutes the amount of rates payments subject to any transitional phasing until 2015. Rates are a substantial business outgoing all rating assessments should be investigated, appealed where appropriate and a watching brief kept so that material changes, such as part vacation or adjacent building works can be properly reflected in the rates liability.
Rating is a specialist field of valuation; Harrison Leggett can offer a full rating service through our associated advisors. In most instances fees are charged on a risk free “no saving no fee” basis.
Service Charges
The administration and collection of service charges can be a minefield leading to inaccurate charging with incorrect amounts and items sometimes wrongly included. Harrison Leggett can advise on general service charge matters or in relation to more advanced disputes our clients can utilise the services of our associated specialist consultant.
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