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 Whilst on survey one of our #BuildingSurveyors saw some roofing felt on a not so flat roof. Begs the question what… https://t.co/E9Y07jRVvk 3 days ago
FG Burnett FG Burnett @FGBurnett See today's @pressjournal for details of some of the properties we are currently marketing. For more info or to vie… https://t.co/ZsL29KI7Hi 3 days ago
FG Burnett FG Burnett @FGBurnett A slightly different desk today for @RichardNobleFGB, helping out at The 123rd Amateur at Royal Aberdeen & Murcar L… https://t.co/GxTVZgBRXo 6 days ago
FG Burnett FG Burnett @FGBurnett "To date I've donated in excess of 70 pints of blood." We think that's pretty amazing, @GraemeWattFGB !!… https://t.co/1RhARNVq39 1 week ago
FG Burnett FG Burnett @FGBurnett We're supporting @givebloodscot #missingtype campaign. Blood stocks are generally lower over the summer months. P… https://t.co/tLYOgCLYKe 1 week ago
FG Burnett FG Burnett @FGBurnett We still have cakes left from our charity coffee morning in support of #LandAid. If you're in the area, please fee… https://t.co/XxfJAeHxfl 1 week ago
FG Burnett FG Burnett @FGBurnett All set for our office coffee & cakes in support of @RICSScotland #pledge150 https://t.co/d30eBLOv2S 1 week ago
FG Burnett FG Burnett @FGBurnett @AypGroup @MHAberdeen @maggiesaberdeen @AYPBall Fantastic news!! We were delighted to support the event. 1 week ago
FG Burnett FG Burnett @FGBurnett RT @AypGroup: The recent annual AYP Ball successfully raised £1,500 which has been split evenly between nominated charities, @MHAberdeen an… 1 week ago
FG Burnett FG Burnett @FGBurnett Great coverage by @KeithFindlay1 in today's @pressjournal regarding the next phase in the development of the city's… https://t.co/KqfUNpAM0O 1 week ago
FG Burnett FG Burnett @FGBurnett RT @RichardNobleFGB: That’s our new IIP Silver accreditation plaque in place. Huge thanks to the FGB team! https://t.co/zzNmvZsivn 2 weeks ago
FG Burnett FG Burnett @FGBurnett Dundee waterfront dominated by the impressive V&A. Not long until the historic opening!! #DundeeWaterfronthttps://t.co/TqxOpZtrS9 2 weeks ago