Commercial Lease Renewals are perhaps even more contentious than Rent Reviews, since in this case the Tenant has the chance of walking away from the commitment. Rent and other terms are determined via the Courts rather than an Arbitrator. So, unlike a rent review, there are a host of issues which need to be negotiated, such as Term, Break Clause, Options, and Covenants of the Lease to name but a few.
A full understanding of Case Law associated with the Landlord and Tenant Act 1954 and the Arbitration Act 1996 is essential. We advise on procedure to be adopted on serving notices and counter notices and where there are disputes to ensure that our Clients gain the upper hand, whether by negotiation or litigation procedure.
We have substantial experience in contested Lease Renewals, where Landlords are refusing renewals and Tenant want them and vice versa – the Landlord may offer a renewal and the Tenant may vacate, leading onto end of term Dilapidations negotiations.
Dixon Wright has a proven track record in this complex field, working for both Landlords and Tenants based on a highly professional and thoroughly researched approach, supported by an extensive database of market and rental evidence and our detailed knowledge of Case Law, which can often be used to the ultimate effect.