27 August 2011
Experiencing difficult trading conditions is a wake-up call for tenants and occupiers looking to reduce their costs and manage their business space more efficiently. Reducing outgoings is key to long-term success. Anthony Lorenz, Senior Partner at The Lorenz Consultancy, has the following solutions:
Break options and lease expiries
Tenants needn’t wait for a lease expiry or break option to enter into discussions with landlords to extend or delete a break.
In exchange, landlords could offer a rent-free period, and/or a lower rent.
Rent Reviews and Lease Renewals:
Your landlord could increase your rent. Do your own market research to make sure it’s accurate – a rent reviews or lease renewal surveyor can help you find out.
Virtual Insolvency
You may be able to negotiate a rent-free holiday with your landlord. It’s worth asking the question.
Downsizing
Reducing the space you occupy can be very cost effective for your business. Our Agency department can help you achieve this.
Long Lease, Freehold Acquisition or Disposal
Are you in a position to buy your building’s freehold? There’s never been a better time to act now as it could reduce your costs significantly.
Monthly Rents and Rent Holidays
If you can prove you need a rental holiday, you could reduce your rent on a mid-term basis.
Service Charges
If your landlord is charging too much, you can negotiate these costs down.
Dilapidations
Please visit www.dilapsuk.com to reach our Dilapidations Experts.
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27 August 2011Yorkshire House, Grosvenor Crescent, London, SW1
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