The lease advisory department at Roger Hannah are reporting a record first-half performance. The department have been expanding their network of deals and we are delighted to announce this has resulted in record growth.
Having dealt with rent reviews, lease renewals, re-gears and lease acquisitions on behalf of clients throughout the UK, we have recently concluded a number of notable deals, including:
Tameside
On behalf of the landlord, we provided advice regarding the extension of a national manufacturing occupier’s 22,000-square-foot, 15-year lease. After protracted negotiations, a new lease was agreed at an increased rent, representing a 30.13% increase, which was well above client expectation.
Stockport
Acting on behalf of a local Charity and occupier of a large office facility in Stockport for the provision of social care, we advised the tenant on a renewal of their existing lease and expansion of their offices by over 2,000 sq ft to 6,500 sq ft, while at the same time achieving an overall nil increase in the rent.
South Manchester
Acting for the landlord of a large convenience store situated on a prominent main commuter route in South Manchester, we recently agreed a review of the rent, achieving an increase of in excess of 8%.
City Centre
Roger Hannah were instructed by the tenant of a popular Manchester City Centre restaurant following receipt of a rent review notice proposing an increase of circa 50% on the annual rent. This was also to be backdated to the rent review date, which was 3 years prior, and could apply for the remainder of the lease.
Following successful negotiations, the rent review was agreed at a nil increase, representing a saving in the region of £80,000 of rent over the remaining period of the lease, to the delight of the client.
At Roger Hannah, we feel it is essential to keep pace with market trends and transactions and the ever-changing nature of case law affecting landlord-tenant relationships.
As the terms of your lease will have a controlling and financial impact on your business, our dedicated Lease Advisory Team has many years of experience, coupled with in-depth technical and market knowledge, to deal with all commercial landlord & tenant matters.
We are advising clients across all sectors of the local, regional, and national property markets and can help by delivering expert advice on any rent reviews, lease renewals, restructuring/re-gearing or surrender of leases, assignments and sub-lettings as well as general advice on all lease-related matters, including landlord & tenant disputes.