Lease Expiries, Renewals and Break Clauses
The end of a lease offers both landlords and tenants an opportunity to restructure lease terms and rental agreements. A statutory framework governs many renewals but a growing number of leases are unaffected by the Landlord & Tenants Acts and so parties are free to negotiate on an arms-length basis.
Many organisations are reappraising their leasehold liabilities as a result of changing accountancy practices. Investors are seeking to minimise voids in order to maximise returns from their investments.