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.

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FG Burnett FG Burnett @FGBurnett RT @SBNN_Aberdeen: .@Quartzelecltd takes 5,860 sq.ft on Wellington Trade Park - SBNN https://t.co/M1fE285aaN 18 hours ago
FG Burnett FG Burnett @FGBurnett RT @hillofrubislaw: Congrats to @RichardNobleFGB at @FGBurnett for winning out H1 agents competition!! https://t.co/y6qSaCDN7r 19 hours ago
FG Burnett FG Burnett @FGBurnett Thanks @KeithFindlay1 for a great article today. For further details on Wellington Trade Park contact Graeme Watt… https://t.co/KGaczhOGP9 1 day ago
FG Burnett FG Burnett @FGBurnett RT @celebrateabdn: Third sector charities parading, live local music, food and drink. It's all happening on the 26th & 27th Aug https://t.c 1 day ago
FG Burnett FG Burnett @FGBurnett Great to hear that the monthly Belmont St Market is returning on Saturday https://t.co/ReWNO24lFm #aberdeenhttps://t.co/KN3tsiG5lm 2 days ago
FG Burnett FG Burnett @FGBurnett Our surveyor's view today whilst carrying out a dilaps survey at one of our managed properties.… https://t.co/BG0NwhP9tR 3 days ago
FG Burnett FG Burnett @FGBurnett TO LET - office suite & small workshop at Stoneywood, Dyce Can be let on flexible terms separately or together… https://t.co/XfrEb2QKA2 7 days ago
FG Burnett FG Burnett @FGBurnett TO LET - West End retail unit in close proximity to The Capitol and The Silver Fin office developments.… https://t.co/526PqHi1rW 7 days ago
FG Burnett FG Burnett @FGBurnett Looking forward to our 3rd year at #TUBS2018 https://t.co/IB5d8VjcE0 1 week ago
FG Burnett FG Burnett @FGBurnett TO LET - office unit in Bridge of Don. Will be fully refurbished and client will consider alternative uses.… https://t.co/mZr66xjpWo 2 weeks ago
FG Burnett FG Burnett @FGBurnett TO LET - office suite at Northpoint, Exploration Drive, Bridge of Don. https://t.co/e1UvMJKkJO #aberdeenhttps://t.co/gGh8XAZxAt 2 weeks ago
FG Burnett FG Burnett @FGBurnett Great to see the fit-out progressing well @knightprop @Chrysaor_Ltd https://t.co/uW7Pr6siQ2 2 weeks ago