The management and negotiation of leases at the outset, especially lease terms and apportionment and oversite of the common areas require particular consideration to reduce costs, ensure a clear and simple understanding of terms by tenants and maximize the recovery of costs over the long term. This is particularly important for mixed use developments which are becoming increasingly common in city centres.
We carry out all forms of lease negotiations, extensions and assist in the drafting of leases. It is particularly useful to involve us at the development stage of a site to draw upon our experiences to ensure limited conflict and maximization of long term income.
We have a backend team dedicated to commercial accounting ensuring rents and service charges are collected on time and set at the right levels ensuring the tenants are fully aware of the costs they will be incurring. This team also ensures detailed accounts are produced and delivered on time to meet with RICS compliance requirements.