Lease Renewals

In todays market lease renewals are becoming increasingly contentious with the parties positions becoming more polarised as a result of tenants wishing to drive costs down and landlords under a different set of pressures to maintain income flow and income levels.

At Newbould Commercial we understand the pressures both landlords and tenants are under. We understand the legal frame work within which leases are negotiated. Lease renewals can be instigated 12 months prior to the expiry date of the outgoing lease and so whoever we are acting for it is essential that we are instructed early to enable the correct advice to be given and a pro-active approach taken.

At lease renewal everything is up for negotiation particularly in todays market. At Newbould Commercial we take the time to establish what areas are of important to our clients and think laterally to achieve those aims.

In cases where the parties are unable to reach a negotiated settlement Gary Newbould is able to act as Expert Witness presenting to Cases to Court or PACT and has acted as a PACT Expert by consent of the parties.