Rent Reviews

 

HBC Rent Reviews:

 

Rent Reviews, Lease Expiries and Break Options

Every lease is a contract, and within that contract there will be details as to how your rent is to be paid, and dates on which the rent might increase, as well as expiry and possible break dates.

HBC can advise on rent reviews, these being periodic dates on which the landlord might seek to increase the rent to match current market rent levels elsewhere. Market evidence is key.  Headline rents, which you can be quoted, do not allow for rent free periods.  Our detailed knowledge of deals done in your locality will allow us to prove the new level of rent that is appropriate

The lease will expire on a certain date but you may have to serve notice to break the lease or provide the landlord with notice that you will not be seeking an extension. Break dates are a minefield.  You will need to ensure that the break is properly exercised, on or preferably before the notice period expires, is served on the right address and that you have met with any conditions.

 

HBC can review your lease and establish a strategy such that the break is properly exercised and that you can be released from your liabilities.

It is possible that your lease might require you to fully reinstate the premises to its original

condition in which case our Building Surveyors will investigate the extent of your liabilities and reduce the landlords claim to the minimum.

The Bloomsbury Building,         

10 Bloomsbury Way,

London.

WC1A 2SL

Tel: 020 7256 4970

Mobile: 07887 821387

info@hbcrealestate.co.uk

www.hbcrealestate.co.uk

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© 2020 By JonnyWattUK For and on behalf of HBC Corporate Real Estate Advisors