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FOCUS ON COMMERCIAL PROPERTY: I have an upcoming lease event, what do I need to do?
Posted on: 07/10/2021
If you have an upcoming commercial lease event – whether a break option, lease expiry or rent review – what you do next will depend very much on your business’ future needs.
At Vail Williams, our team of experienced Chartered Surveyors can support you with all these aspects, discussing the options available to you based on a combination of your needs and our in-depth knowledge of the Dorset property market.
One of the first things to do is review your existing lease to help you to decide what options might be best for you – negotiating a new lease with your existing landlord or moving to or acquiring new premises.
If you decide to renew the lease on your existing premises, or if you have an upcoming rent review, our lease advisory experts can negotiate better terms or incentives with your landlord, on your behalf.
Should a relocation or expansion be better for you, our agency team will search for the right premises to meet your future needs – a process which we see through from initial search and viewings to negotiation of lease terms, right through to occupation.
As part of this process, it is important to take into account business rates liability – what might you pay if you move, how does this compare, and are there any reliefs you can seek? We will help you to navigate this complicated property tax and seek any relevant reductions or reliefs that might apply.
Finally, if you decide to vacate your property, our building surveyors will ensure your interests are protected in the event of any dilapidations claims from your landlord.
Should you have an upcoming commercial lease event and you would like full-service property advice founded on expert insight into the Dorset property market, get in touch for an informal chat.
Associate, Vail Williams.
01202 558 262 | firstname.lastname@example.org | www.vailwilliams.com
This article is featured in the October issue of the Dorset Business Focus magazine. Read on the online version here.
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