Are you a commercial tenant? We can help reduce your rent.For over fifty years Richard Lionel & Partners have represented Tenants occupying commercial properties (Retail Shops, Restaurants, Offices/ Surgeries and Warehouse/Industrial) seeking assistance when faced with a rent review or lease renewal. With our expert knowledge of commercial property we ensure Tenants pay the lowest rents possible.
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Can We Reduce Your Rent?
If you are a tenant with a commercial lease, the terms within the lease will certainly affect your rent. Talking to Richard Lionel and Partners at an early date will ensure that you do not fall foul of time limits which could have serious repercussions on your tenancy.
Rent reviews are normally ‘upward only’ and the best we can do is ensure the rent agreed remains unaltered and reduce a proposed increase to the minimum. However at a lease renewal Richard Lionel & Partners can in certain circumstances negotiate a revised rent lower than the previous rent.
For Tenants of Shops, Restaurants, Offices or Warehouse / Industrial space facing a rent review or lease renewal, our experienced surveyors are expert in negotiating fair terms for our clients ensuring the lowest possible rents are achieved.
A rent review can be a daunting prospect for a Tenant however we ensure the process is handled efficiently on your behalf and where appropriate we are able to negotiate creative and cost effective solutions.
We realise that for many tenants paying circa £20,000 p.a. for small premises, or £500,000 p.a. for a substantial property, may be in a vulnerable position facing a Landlord demanding a substantial increase in rent, or are confused by the workings of the 1954 Landlord & Tenant Act.
Along with our unique approach and monitoring of our comprehensive database, our specialist rent review division has since 1966 saved many millions of pounds for those tenants that we have represented.
Commercial property leases normally have a provision for a rent review where at a specified date, the Tenant may receive a proposal from the Landlord to adjust the rent to what they believe is the current market level. Rent reviews take place at whatever intervals are agreed in the rent review clause(s) in the commercial lease however most leases specify that in order to prevent Landlords proposing excessive increases, the rent should be based upon the open market rental value. Tenants have the opportunity to oppose the proposed increases should there be no justification or evidence to support a lower rent than proposed.
FIVE REASONS TO CHOOSE RICHARD LIONEL & PARTNERS
FREE LEASE ANALYSIS
Take advantage of our initial free lease analysis service available to all potential and existing clients.
With almost 50 years of rent review experience we are able to ensure the best results possible.
Our comprehensive property database is available and a vital tool for all rent reviews and lease renewals!
We offer competitive cost effective fee structures which include ‘performance’ based and/or fixed fees.
Our dedicated rent review team promise personal attention at all times offering creative solutions and advice.
How can we help? Have a look at our case studies to see how we are cost effective for our clients.
Get in touch
Please do contact us and let us explain how we work, and how you can benefit from our experience and expertise.