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Tom Dymond of SGP asks "Are you actively managing your leases?"

wantspacegotspace.co.uk - Tom Dymond of SGP asks "are you actively managing your Leases?"Many tenants find themselves locked into punitive leases often at rents well above the market level. Many of these tenants, especially those with a single property or small portfolio may not have investigated the possibility of renegotiating their lease mid-term.

Many Landlords especially those who are commercially minded & aware of the mutual benefit of ensuring their tenant remains profitable are often open to renegotiating lease terms to assist their tenant whether that be by reducing the rent or building in flexibility.

Many surveyors including our team at SGP have helped tenants in recent times renegotiate terms in some cases saving many thousands of pounds in rent. However such negotiations only  tend to be successful if they are based on a thorough understanding of the circumstances, the market & the ability to highlight the mutual benefits to the Landlord.

Posted by The Editor (wantspacegotspace) on 16th February 2013 (updated 18/02/2013)

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