Lease Advisory - Business Space


We understand that every instruction is different. Whether you operate in the private or public sector in the UK, ask us for advice on lease renewals, lease surrenders, re-gears, restructuring to add value, rent reviews, expert witness representation, or diminution valuations.

“I really appreciate your efforts and your good judgement.” Estates Manager, ASDA WALMART

“The tailored, performance-based fee structure made our decision to choose Colliers a no brainer” – Industrial & Logistics Client (UK)

What we offer

Talk to us if you are a landlord or tenant involved in a business lease renewal process.

We will advise you on:

  • Lease analysis - to establish whether the business tenancy is protected under legislation
  • Liaison with legal advisors to ensure the correct service of statutory notices and the terms of the new lease
  • Inspection, measurement and analysis of comparable market transactions
  • Negotiations with the other party
  • Recommendations to settle or seek court proceedings
  • Issue of formal offers to settle, to protect a client's ongoing court costs
  • Provision of expert witness reports and representation in court if required

 

Landlord and tenant act (1954) part II

Businesses whose lease is covered by the Landlord and Tenant Act (1954) Part II have a legal right to remain in occupation after the lease  has expired. Such commercial tenants also have the right to obtain a new lease on similar terms although the lease may be updated if appropriate.

However, there are certain exceptions where a landlord can refuse a new tenancy and reclaim the property from the tenant.

It pays to be prepared and a professional property consultant can help you with this. All Colliers International's surveyors comply with the Royal Institution of Chartered Surveyors (RICS) best practice statements and civil procedural rules.

Lease surrenders, regears and restructuring

Talk to us for advice on changing the terms & conditions of your lease.

When landlord or tenant need to renegotiate a lease, both parties have an opportunity to improve how the property works for them.

A landlord or tenant’s property requirements may change whilst they are contracted into a lease. A tenant, for example, may wish to surrender the lease before the expiry date or a landlord may want to reclaim part or all of a property for refurbishment, owner occupation or redevelopment.

Because a lease forms a binding contract neither party is obliged to agree to alterations in its structure.

However changing a lease can often be beneficial to both landlord and tenant through the release of latent value or in exchange for compensation.

All Colliers International's surveyors comply with the Royal Institution of Chartered Surveyors (RICS) best practice statements and civil procedural rules.

We will advise you on

  • Lease analysis for the service of formal notices, including analysis of strict time limits
  • Inspection, measurement and analysis of comparable market transactions
  • Negotiations with the other party
  • Recommendations to settle or to seek third party proceedings
  • Issue of formal Calderbank letters protecting your ongoing arbitration costs
  • Provision of expert witness reports in third party proceedings if required
  • Arranging for completion of memoranda documenting revised rent

The majority of commercial property leases in the UK have a provision for the existing rent to be revised at regular periods, usually every 5 years.

It pays to be prepared and a professional property consultant can help you to do this. All Colliers International's surveyors comply with the Royal Institution of Chartered Surveyors (RICS) best practice statements and civil procedural rules.

We provide detailed, impartial expert witness reports with a strong market insight to arbitrators, independent experts, the courts and individual clients. Our reports are supported by evidence from comparable market transactions.

Resolving lease disputes

If a landlord and tenant cannot agree the terms of their rent review or a lease renewal, either party may ask the Royal Institution of Chartered Surveyors (RICS) or the Ministry of Justice to intervene via arbitration and formal court proceedings. In such cases each party usually appoints an experienced expert witness to represent their case.

Our Business Space Lease Advisory team has both credibility and experience. All our chartered surveyors are respected amongst their peers and comply with the RICS's best practice statements and civil procedural rules for expert witness representation.

Get in touch

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