Lease Renewals + Re-gears

The renewal of a commercial lease can be complex, especially for those unfamiliar with Scots Property Law. We are able to advise on all aspects of the process. We can then act on your behalf through the negotiation process, providing support and advice every step of the way.

During lease renewals, opportunities can arise for either party to obtain a significant commercial advantage and it is therefore important to have a clear understanding of the strict timetable procedure of notices and counter notices. We have the expertise to ensure that our clients’ best interests are properly guarded throughout the process.

Our approach to each individual piece of work is dictated by the specifics of the job. It normally involves the following key steps:

  • Discuss the terms of the engagement.
  • Examine a copy of the lease agreement, assess the key issues and draw out aspects that will have an impact on the client.
  • Inspect the property in question and carry out the appropriate level of survey.
  • Assess the status of the local market.
  • Provide a report on what we believe the best outcome for the lease renewal should be.
  • Negotiate with the other party.

For more service details, see below:

35 years+ Combined experience in the market from 2 specialist advisors.
Expert Detailed market knowledge ensures clients' best interests are served.

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Consultancy

Working closely with our commercial agency department, we have detailed knowledge of the market forces that can determine the terms of a new lease. When advising on an upcoming lease renewal, our team can offer guidance on all relevant issues, such as clauses that clients might want to contest or insert, and advising on the strength of each parties’ negotiating position. Our team also provides ad-hoc consultancy advice and assistance for specific issues that arise during the term of a lease agreement. For example, advising on the good sense of extending a lease for a tenant who wants to invest in a property part of the way through their occupancy.

Negotiation services

We provide expert negotiating services for all types of lease renewals. During negotiations, opportunities can arise for either party to obtain a significant commercial advantage. We ensure that our client’s best interests are protected thanks to our expert understanding of the law and of the procedures involved.

Due Dilligence

We work with all our clients to ensure that they have prepared all of the documentation required for a lease renewal to go ahead. This helps speed up the process and facilitates a positive outcome.

Surrenders & Portfolio Rationalisation

We can provide advice and support for all aspects of the rationalisation of property portfolios and the surrender of properties. We will work closely with you to understand your business objectives and ensure that your portfolio is developed in the optimal way. We can provide a full range of property disposal services to ensure that you get the best possible return for your estate assets.

“The recent work carried out by the Lease Consultancy team on our behalf has been greatly successful. Their level of professionalism and dedication meant that they were able to secure longer term leases on three funeral homes for Dignity in some key locations for us in Scotland. We would not hesitate to recommend them.” Dignity UK