How To Face A Commercial Property Lease Renewal Without Fear
How To Face A Commercial Property Lease Renewal Without Fear
One of the most complicated and potentially damaging procedures when leasing a commercial business is that dreaded time for a lease renewal. Due to the Landlord and Tenant Act 1954 commercial property and business premises are, on the whole, protected under the law in England and Wales but, as many tenants have discovered to their cost, there are a wide number of variable exceptions to the act which could make the process of renewing the lease far more complicated than needs be.
Whether the actual premises is indeed covered under the Landlord and Tenant Act 1954 often leads to confusion and fateful errors when it comes to commercial property lease renewals and even if the act does cover the premises there are certain conditions and scenarios in which the property may not be protected when it comes to the complicated issue of renewal. Given the inherent and often baffling complexities of the Landlord and Tenant Act 1954, the only way to ensure you have the right information and the only way to ensure you are given a fair renewal that follows the terms of the Act, is by consulting with a lease renewal expert.
The rules involved in the Landlord and Tenant Act 1954 particularly the s30 clause which is very baffling indeed, means that without the aid of a lease renewal expert, when it comes to the time for your business premises renewal then you will find yourself liable to fall into the number of traps and dangers in the clauses that could lead to negative results for ambitions. Commercial property leasing is governed by very detailed, very particularly and very complicated rules and procedures, being made considerably worse by the tight and unforgiving deadlines imposed. Renewing a lease is unquestionably a minefield and to guide you through this potentially dangerous and perilous journey then look no further than the lease renewal expert at a chartered surveyor.
Lease renewal experts will, as their title suggests, bring a wealth of experience relevant to your cause, knowledge of laws and the ins and outs of the Landlord and Tenant Act 1954 and well as general expertise is guiding you through what could be a stressful and time consuming period. Commercial property renewal takes years to learn and get to grips with and only after experience and studying to a great extent can you effectively carry out a renewal of the lease to the highest and most beneficial standard for the party concerned. Having an expert at your side, fighting your case and protecting your interests in the eyes of the law will stand you in a far stronger position and is the only sure fire way to ensure you end up with a fair result.
Getting to grips with the complex legislation inherent in a commercial property lease renewal is difficult enough but an expert will also bring to the table a wealth of experience in terms of negotiating a renewal of the lease which is a considerable element of ensuing you gain the terms you require. Even if your business premises renewal falls outside of the Landlord and Tenant Act 1954 then the expert will bring forth a wide range of experience in dealing with such matters to ensure you are in the strongest possible position to advance your case.
Whatever your situation you need to plan well ahead, as far as 18 months ahead of your lease expiry, in order to ensure that you get the outcome you desire from your business premise renewal and to gain this there is only one path to take, and that is with the help and guidance of a lease renewal expert.
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