Professional Services

Lease Renewals

A commercial lease will ultimately reach its contractual end. The renewal of a lease can be a technical and legal process with the service of Statutory Notices which can ultimately lead to the matter being heard in court.

Our aim would be to advise on the most appropriate commercial outcome whilst working within the strict timeframes set down by the Landlord and Tenant Act 1954.

Rent Reviews for Tenants

If you’re a tenant in Leeds or anywhere else in the UK facing a commercial rent review, the lease terms will significantly impact your rent. Talking to T1 Asset Management at an early date will ensure that you do not fall foul of time limits which could have serious repercussions on your tenancy.

As specialist commercial rent review surveyors we can help to ensure that an excessive demand is reduced and a fair open market rental value achieved.

Rent Reviews for Landlords

If you’re a commercial landlord of a shop, office, or industrial/warehouse property and want to maximise your investment, T1 Asset Management is your first step.

In confidence as specialist commercial rent review surveyors let us analyse the lease without charge, and explain our various flexible cost effective fee structures.

Section 18 Valuations

At the end of leases, the outgoing tenant may be required to repair the property, which can lead to disagreement over what constitutes an acceptable standard of repair.

Damages may be capped by Section 18. We provide clear Section 18 Valuations to support settlement of complex and contentious dilapidations matters.

Break Clause Issues

Many leases include a break clause which may favour either the landlord, the tenant or both for differing reasons. The successful exercise of a break option usually depends on fulfilling certain conditions and invariably the party exercising such break has one opportunity per break to get it right.

Our experience in such matters will assist clients in extracting additional value from their lease interest.

Expert Witness / Dispute Resolution

If a landlord and tenant are unable to agree on a revised rental at review, the lease will invariably provide for the rental dispute to be referred to a third-party surveyor (Arbitrator or Independent Expert). We have considerable knowledge and experience in acting as an Expert Witness and in preparing valuation reports and replies for consideration by a third party surveyor.