In light of the evolving Coronavirus Emergency many commercial tenants are looking at their leasehold liabilities, while investors and landlords are seeking to minimise voids and maximise investment returns. At Roger Hannah we have a dedicated team of lease advisors that can help with negotiations to try and mitigate lease-related financial obligations and liabilities. The…
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On the back of a record breaking first 6 months to 2022 and acting on behalf of a Private Pension Fund as Landlord, the Roger Hannah Lease Advisory team have successfully agreed a lease renewal on a prominent south Manchester industrial estate achieving a 42% increase in rent. Roger Hannah Lease Advisory team have also…
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On behalf of a Private Property Investment Company as Landlord, the Lease Advisory team have successfully agreed a rent review with a national operator on a trade counter unit of 12,500 sqft on the edge of Trafford Park in Salford achieving a 39% increase in rent. If you are a landlord or a tenant and…
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The Upper Tribunal, in four recent decisions, considered the question of costs recovery by landlords when there is no express lease provision for the recovery of costs of dealing with tenants’ applications. It reviewed the effect of section 19(1) of the Landlord and Tenant Act 1927 and Administration Charges provisions in the 2002 Commonhold, etc…
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Many tenants, and in particular retailers are pushing landlords for pandemic clauses to be inserted into their leases. Since The COVID-19 Pandemic forced the closure of all non-essential shops, restaurants, pubs and other facilities on 24 March 2020, tenants who are in negotiation for a new lease are increasingly requesting additional terms to mitigate the…
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It is important for both Landlords and Tenants to take professional advice prior to commencing negotiations or serving of notice of a lease renewal and to obtain an appraisal of current market rent. On renewal of a lease the rent is assessed under the Landlord and Tenant Act 1954 as a market rent and is…
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Commercial Landlords and Tenants should take prompt professional advice when lease breaks are due. Recent judgements by the courts have cost Tenants hundreds of thousands of pounds. Whether you are a Landlord or Tenant you will need to ensure that you have covered all the relevant steps when you are considering ending a lease early…
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It is commonplace for leases to contain an open market rent review every five years. The rent review can generally be initiated by either the landlord or the tenant with time not being of the essence i.e. if the rent review date has come and gone and no reviewed rent has been agreed or determined…
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