Whether you are a landlord or tenant looking to renew a lease or if you are a developer looking to obtain vacant possession under Part II of LTA 1954, we have the expertise to assist.
Our clients are a mix of developers, well-known names on the High Street, hoteliers, plcs and private individuals who are involved in the renewal of commercial tenancies under Part II of the Landlord and Tenant Act 1954.
We act for landlords and tenants on straightforward unopposed lease renewals. Our advice ensures that the correct notice is served and steps taken to preserve the tenant's statutory right to renew their tenancy. We also work closely with our transactional colleagues in our Real Estate team, of over 100 lawyers, providing advice to keep lease negotiations on track. If rent or lease terms cannot be agreed we have experience of pursuing these to trial in the most cost-effective manner.
We also act for landlords and tenants in contested lease renewals. This is normally (but not always) because the landlord needs to obtain vacant possession of the leased premises in order to undertake a redevelopment.
We have extensive experience in acting for developers and investors in seeking possession of large multi-occupied sites. It is common for us to work with the client, and the client's other professional advisors, to create and implement a strategy to obtain vacant possession of the entire site at the lowest cost and with the minimum expenditure of management time.
We also have extensive experience in acting for tenants who wish to oppose the developer's plans or to create a favourable negotiating position resulting in the tenant receiving more compensation than the statutory multiple of rateable value.