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 Unit 5, Kingshill Commercial Park, located in the affluent Aberdeen suburb and subsea hub of Westhill, Retail/Open… https://t.co/imnfy5ZAib 19 hours ago
FG Burnett FG Burnett @FGBurnett Do you require office accommodation in Aberdeen for just yourself or up to 10 people? To discuss available office s… https://t.co/oZ7Jc848OM 1 day ago
FG Burnett FG Burnett @FGBurnett West End Retail Unit close to The Capitol and The Silver Fin Office Buildings available To Let. For further inform… https://t.co/vgOzYwC7sL 2 days ago
FG Burnett FG Burnett @FGBurnett Prestigious west-end offices available To Let. Fully refurbished and with superb parking. Contact Graeme Nisbet 0… https://t.co/SDvUbiOKaw 3 days ago
FG Burnett FG Burnett @FGBurnett Development opportunity in the heart of Aberdeen city centre adjacent to Marischal Square. Call David Henderson 01… https://t.co/Mmx3HGenMR 4 days ago
FG Burnett FG Burnett @FGBurnett We are delighted to be offering prime retail premises at 239 Ingram Street, Glasgow, To Let. More info? Contact R… https://t.co/HkvubfJ3dJ 5 days ago
FG Burnett FG Burnett @FGBurnett 156 Union Street, Aberdeen. Former Hydro Electric Shop, For Sale. CLOSING DATE 12 NOON FRIDAY 28 SEPTEMBER 2018. C… https://t.co/6i33ALs01n 5 days ago
FG Burnett FG Burnett @FGBurnett Acting on behalf of the landlord, we are pleased to announce the letting of 257 North Deeside Road, Peterculter to… https://t.co/SQ2rrYL3KY 1 week ago
FG Burnett FG Burnett @FGBurnett Union Street Retail Unit available To Let on Full Repairing and Insuring terms. For further information please con… https://t.co/dRU3M18ofl 1 week ago
FG Burnett FG Burnett @FGBurnett New build business units For Sale off the Charleston Junction (AWPR) at City South Business Park, Portlethen. Avail… https://t.co/xcAB3EbP17 1 week ago
FG Burnett FG Burnett @FGBurnett Modern Office Unit To Let at Unit 29, Abercrombie Court, Westhill. Flexible terms are available. Sub-division pos… https://t.co/2R5R9T3087 1 week ago
FG Burnett FG Burnett @FGBurnett We are delighted to have advised the landlord on the letting of 81 Rosemount Viaduct to Harris & Fox. For advice o… https://t.co/BQFQkI2lL5 1 week ago