Because UK lease renewals can be complex, errors can be made which cost you & your Assignees money. They can also be time-consuming & stressful. It’s a mistake to leave Assignees to handle them on their own. Here’s why.

It’s easy to miss something in the renewal process & the implications can then be expensive for the employer’s business. VITAL CONSIDERATIONS when dealing with lease renewal & tenancy contract extensions include:

• The entire lease should be thoroughly reviewed to find out exactly what needs to be done to extend or renew
• The process needs to be preferably 2 to 3 months before the deadline date
• Trigger any renewal or option to extend correctly. It is vital that this be done STRICTLY in accordance with lease provisions.
• Negotiate best terms for renewal, including any rent adjustment
• Anything need fixing at the property or any improvements required? Now’s a good time to get them addressed.
• Will the extension trigger a Stamp Duty Land Tax liability?

Learn more about our expert Lease Renewal Service.  Click here to contact us today

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You may also be interested in our Stamp Duty Land Tax Compliance Program, click here for more information