Business Tenancies - Lease Renewal
Finally, at BMH we adhere to The Code of Practice for Commercial Leases in England and Wales. This is a voluntary agreement between commercial property, professional, and industry bodies that is supported by the Government. It means that we will provide you a complete professional lease renewal service in accordance with these guidelines.
The landlord and tenant relationship is seldom completely smooth, especially at lease renewal time. Tenants can range from being disinterested in the landlord, with very little to be concerned about, to being angry and defensive at the mere mention of the landlord's name.
It's fair to say that over the years, we have seen, experienced and solved all the problems that arise for the tenant at lease renewal. Usually at the heart of these problems is a misunderstanding, a lack of proper evidence preparation or simply ignorance of legal or negotiating procedures. Whatever your particular problems, we have the armoury and the vast experience to bypass these and renew your lease.
Bear in mind that unless your landlord has alternative plans for the use of premises, it's highly likely that he will want your tenancy to continue. It is also in his interest to ensure that not only do you remain, but also that you can pay the market rent. In return, you have the use and utility of his building to run your business for profit. This is something often forgotten by tenants who quite naturally see any increase in rent as distasteful. Tenants can fail to understand that a landlord as the owner of his building is seeking a yield on his investment. At BMH we measure the successful outcome of a lease renewal as one that does not set landlord and tenant apart but as one that moves them forward together in the working relationship.
Not surprisingly, it is at the end of a lease that the tenant invariably weighs up the options and needs advice on what to do and how. The burning question is, what will the new rent be?
"Do not talk to your landlord first - call us instead"
Do not talk to your landlord first - call us instead. You may inadvertently prejudice your negotiating position by discussing your future plans and rent directly with your landlord. This can be especially disastrous in the areas of dilapidations and lease compensation. We don't recommend total secrecy, but what is required is a considered response to your landlord's written proposals, guided by a tenant only specialist who knows how to protect your rights of occupation, lease terms and importantly, what the correct rent should be.
So turn to our leaseholder services team. We offer the complete solution in taking over the lease renewal negotiations direct with your landlord or his agent. This means that you can concentrate on your business. We can respond to all Notices served by your landlord and ensure your protection is maintained. Most importantly, we will negotiate the lowest possible rent and the most advantageous lease terms to give you peace of mind.











