Lease Advisory

(incl. rent reviews, renewals & regears)

The typical commercial lease provides the rules and regulations by which both landlords and tenants must abide throughout the duration of the contract.  There will be obligation incumbent on both parties and in all cases critical dates, whether they be rent reviews, termination dates, break options or options to extend.  Opportunities may arise thought the course of the lease agreement for either party to use these critical dates to their advantage, depending on market conditions such as the removal of break options, regearing, the lease terms to suit particular circumstances and simply extending leases where occupational needs demand.

This should not necessarily be seen as an adversarial situation between the landlord and the tenant as in most cases restructuring in the manner identified above usually confers benefits to both parties.  The experienced team within FG Burnett can advise on leasehold obligations, the strategy to be looked at when lease restructuring from both a Landlord and Tenants point of view and also an overview of asset management opportunities either in single property holdings or portfolios.

Key amongst the events common with commercial leases is the procedure of rent review.  The general intention of the rent review clause is to ensure the rent is at market level at a certain date.  The process however is far from straightforward and has been the focus of much legal debate relative to the interpretation of the review provisions and leases in general.  Our rent review team can guide you through the murky waters of the process to ensure best results whether landlord or tenant.

You can take comfort in the fact that the majority of our rent review experts are either Associate, Member or Fellow of the Chartered Institute of Arbitrators, the professional body for dispute resolution, and sit on the Royal Institute of Chartered Surveyors Scotland Chairman’s Panel of Independent Experts and Arbitrators.

Our expertise is undoubted.

Meet the Team

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FG Burnett FG Burnett @FGBurnett On the market - Prime Union Street Aberdeen Retail Property. 5,676 sq.ft of ground floor sales area. Please conta… https://t.co/jf47qpVYHl 6 hours ago
FG Burnett FG Burnett @FGBurnett We are delighted to introduce to the market a high yielding investment opportunity - The Toll Clock Shopping Centre… https://t.co/AjSTdTCsLt 11 hours ago
FG Burnett FG Burnett @FGBurnett Great article by @KeithFindlay1 in today's @pressjournal on an exciting investment opportunity in Lerwick that we'v… https://t.co/5wrwBevCmg 12 hours ago
FG Burnett FG Burnett @FGBurnett Happy #LeftHandersDay2018 to all the creative geniuses out there!! https://t.co/QJGHFMWxOr 3 days ago
FG Burnett FG Burnett @FGBurnett RT @spirit_energy: Ever wondered what life is like #offshore on a #NorthSea platform? Thanks to the first ever Streetview of an #oilandgas 6 days ago
FG Burnett FG Burnett @FGBurnett Unit 5 Kingshill Commercial Park is nearing completion. Available September, 900-2700 sq ft To Let for open/retail… https://t.co/wzEq7EAsRX 7 days ago
FG Burnett FG Burnett @FGBurnett Many thanks to @ScarfScotland and @AOilcats for a fantastic evening. We had a lot of fun and didn't even notice t… https://t.co/BFeVeZGzI5 1 week ago
FG Burnett FG Burnett @FGBurnett RT @Wellgateshop: Xercise4less opened today! https://t.co/6wi6m24pwn 2 weeks ago
FG Burnett FG Burnett @FGBurnett Great to see that Exercise4Less opened today at @Wellgateshop. Wishing them every success in their new location.… https://t.co/Y8ESfJb8UN 2 weeks ago
FG Burnett FG Burnett @FGBurnett We've seen Japanese Knotweed a few times when on survey but we don't often come across Giant Hogweed - worth keepin… https://t.co/cYFtIq0K0O 2 weeks ago
FG Burnett FG Burnett @FGBurnett Just on the market - Fantastic west end development opportunity. Please contact Graeme Nisbet on 01224 572661 for… https://t.co/DT6ptUvITD 3 weeks ago