Saunders-LogoHow to Handle UK Lease Renewals


(and avoid making costly mistakes)

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Saunders 1865's Lease Renewal Service

  • Protects the Renter's interests during the renewal process
  • Avoids the Renter making a costly renewal error
  • Handles the whole process for the Renter & Employer
  • Saves time & money

Call our London office on 020 7590 2700 or use the CALL BACK FORM opposite to arrange a free consultation with our Managing Director.arrow-7-1.png

 

"Saunders 1865 have been super responsive, extremely helpful, and very professional. Thank you for a great experience."                                                                                                                  Homero Guerra, ABS


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Renewing a rental contract is more complex than most Renters realize. It's crucial to get the process right in order to make sure that the Renter's interests, & indeed the corporate Employer's interests, are protected. Missing a step can have costly consequences. For example:

  • By missing a deadline, you may lose out on a lower rent
  • Instead you may now have to agree a FULL MARKET RENT at a time when rents are sky rocketing!
  • You may lose the opportunity to break out of the lease early
  • The Renter might miss a golden opportunity to persuade the Landlord to carry out much-needed repairs or improvements
  • If you don’t watch carefully, Landlords can sneak new terms past the Renter which can have costly consequences

CALL BACK FORM

Complete this form for a free consultation with our MD,  Christine Hall, GMS

Christine Hall

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"An excellent experience. The process was easy and very well managed. I would recommend Saunders 1865 again in the future."                                                                                                                 Mario Marte, Hilton Worldwide


SAUNDERS 1865

THE VIP RELOCATION COMPANY

38-40 Gloucester Road

London SW7 4QU

Call 020 7590 2700

ALWAYS REMEMBER: Landlords are represented by Agents, whose role is ALWAYS to get the best terms for the Landlord.

So unrepresented Renters start from a position of disadvantage.  But they don’t need to be at a disadvantage.

Here are some of the steps that should be taken on the Renter’s side:

STEP 1

You should carefully review the lease, to be sure PRECISELY what needs to be done to renew.

We recommend you start this review at least a couple of months before the renewal date.

STEP 2

Find out what concerns the Renter has about the property. Are there any outstanding repairs or other aspects of the accommodation require improvement?

Now’s the golden opportunity to get them fixed!

STEP 3

Give notice to the Landlord EXACTLY in the way the lease directs & make sure you can PROVE it!

STEP 4

Research the local market to establish the going rents for comparable homes.

What alternative homes could the Renter move to now?

STEP 5

Armed with all this information, negotiate the best renewal terms you can.

Make sure there's a break clause in place in case there's a business need to relocate .

STEP 6

Carefully review any renewal paperwork that the Landlord’s Agent presents you with.

(We frequently find that there are errors or attempts to sneak-in new terms.)

Also watch out for Agents trying to charge you admin fees they're not contractually entitled to charge.

STEP 7

Consider if any Stamp Duty Land Tax is due & pay it on time to avoid penalties.

STEP 8

Diarize any important future lease dates that arise from the contract renewal.

Because Landlords are represented by Agents, the Renter should ALSO be represented.

Renters are busy & don’t have the time to do it properly. They don’t have the necessary knowledge of UK laws or the rental market.

And the same is true of HR professionals who have more important work to do - & other skills.

Saunders 1865 ONLY represents Renters & their Employers.  We deal with leases for Renters & Employers day in, day out.

We provide a Lease Renewal Service that saves the Renter, & the Employer, time & money.

We make the process EASY & stress-free.

Call our London office on 020 7590 2700 or use the CALL BACK FORM below to arrange a free consultation with our Managing Director. arrow-7-2.png

CALL BACK FORM

                              Complete this form for a free consultation                                                                              with our MD, Christine Hall, GMS

Christine Hall

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