Lease Advisory Services
Navigating the complexities of commercial leases requires a detailed knowledge of market trends, rental transactions and case law.
Whether you’re a landlord or a tenant, we will work with you to secure the best outcome.
“Hicks Baker has been managing our commercial property since October 2016. During this period our experience of their work has been almost entirely positive, and we continue to be grateful for their attention and care.
Until September 2021, one colleague worked very hard in managing a new lease with sometimes testing tenants. Upon her departure there followed eight months during which the lease was assigned to a new, and foreign, tenant. Giles Blagden himself oversaw this process with care and thoroughness.
Subsequently, we have certainly been satisfied with the level of management now being offered. A property visit was made last autumn, and another one is planned in the next few weeks. Rent is collected regularly, and we await an insurance revaluation for the building shortly.
Altogether, we are very grateful for the quality of property management currently being given to us by Hicks Baker.”
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Rent Reviews & Lease Renewals
Outcomes can turn on the interpretation of a word or phrase that those less experienced will not be aware of, sometimes only when it’s too late.
Hicks Baker helps you approach negotiations from a stronger position, based on detailed knowledge of valuation conventions, case law and market trends in all major property sectors.
Hicks Baker will also advise on the tactics to be adopted for the service and timing of notices.
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Lease Re-Gearing
Re-gearing a lease can be helpful for occupiers and owners alike.
As an occupier you might ‘win’ by extending continuity of occupation. Alternatively as an owner you might ‘win’ by increasing investment value.
Hicks Baker provides constructive advice on values and lease structures. Potential outcomes could include:
- Realigning break clauses to match strategic and business goals
- Obtaining rent-holidays or capital payments
- Improving asset value by de-risking tenant break options
- Changing lease terms to meet the parties requirements
