Rent & Lease Renegotiation

Rent & Lease Renegotiation

In addition to ensuring that the Rateable Value of your property is correct, we can also provide our client’s with guidance on renegotiating and restructuring the lease on their commercial premises.

Your business can benefit from our extensive experience in lease restructuring, focused on assisting both Tenant and Landlord in achieving their long-term goals.

Our specialist lease restructuring team understands the difficulties posed by the upward only nature of rent reviews and negotiate between Landlord and Tenant to achieve the right outcome for both parties.

Our professional surveyors are experts at overcoming difficult, inflexible lease terms to reduce rental overheads. We take the time to assess the nature of a company, look at its current financial standing and take its long-term plan into account to provide a truly bespoke service based on individual needs.

Lease re-gearing is one of the most positive ways to help clients achieve their goals. Lease re-gears depend on the willingness of both Tenant and Landlord to amend their existing lease obligations.

A lease can be varied at any time. However, rent reviews and break dates offer further flexibility for Tenants to explore the possibilities of restructuring their lease. Landlords are often willing to negotiate a lease re-gear, as it delivers an increase in the value of their property and reduces the risk of a rent void.

The flexibility of lease re-gearing allows us to consider the requirements of the Landlord as well as the Tenant in order to produce a ‘win-win’ situation

We have a specialist division which specifically advises licensed premises on their business rates. Unlike the government we understand the day-to-day financial pressures faced throughout the licensed trade. With costs rising year-on-year, coupled with lower margins, it’s becoming increasingly difficult to keep in profit.

Licensed premises with business rates affecting associated costs, such as late-night levy and Sky Television, and being based in most cases on historic trading figures back in the boom time of 2008, they will all most certainly be one of your highest overheads. Don’t despair – THEY CAN BE SUCCESSFULLY APPEALED.

Even if you have appealed before or trade has increased, you may still be entitled to a reduction in your business rates resulting in a cash rebate and a reduced bill moving forward. Reduce your costs and put your hard-earned money back into YOUR cash flow.

  • Loss of trade
  • A new competitor has opened nearby
  • An existing competitor has completed a refurbishment
  • Town planning has altered roads or pedestrian areas
  • Change in rent
  • New parking restrictions
  • Nearby properties being demolished
  • A major employer in the area has closed
  • A major tourist attraction has opened or closed
  • Local sports club has opened a new bar facility
Find out how much you could save

We were very happy with the services of Hampton Lovett to reduce the 2010 Business Rates.

Their friendly customer approach and methodically handling of the case were much appreciated. We will be using them going forward for further Business Rates related matters.

Walter Boersma at Omnia (CS) Ltd

Vacant Property Rates

Vacant properties are liable for Business Rates at the same basic level as occupied properties, after an initial rate free period of 3 months. In the case of industrial properties, the rate free period lasts for 6 months.

This places a heavy financial burden on business ratepayers who are paying full rates on a vacant or unoccupied property. In these circumstances it is essential that business ratepayers take action to reduce their empty property rates liability through a variety of available strategies.

Hampton Lovett Consultant Surveyors can evaluate the rates liability on your empty premises and ensure you don’t overpay. Our team can supply you with honest, professional advice with the sole focus of reducing your liability.

we can help you

We have helped businesses like yours save £1000s