Most commercial leases have provision for periodical passing rent reviews, and if appropriate, re-negotiations between the landlord and tenant. Likewise, lease expiry provides an opportunity for consideration of rental value and may also provide scope for revision of terms.
Needham Haddrell has an understanding of lease terms and their effect on value and is familiar with current legislation.
We are aware that maximising returns and reducing liability are key and liaise with our clients in order to better understand their individual occupational and investment requirements.
We take a proactive approach to negotiations and work hard to achieve the best possible outcome at rent review and lease renewal.
