We encourage clients to consider this event in good time, ideally 12 months or more in advance of the contractual expiry date. This is to enable a client to consider their objectives and to put in place an appropriate strategy, whether landlord or tenant. When the lease is ‘protected’ the procedure is often directed by the provisions of the Landlord and Tenant Act 1954.
As well as negotiating the new rent, we will agree the other ‘heads of terms’ which will form the basis of the new lease. We will work with your solicitor to ensure the best result is achieved for you.
Other matters to consider include dealing with disrepair and possible schedules of condition. We often work with building surveyors and can coordinate this aspect of the case for the client.