“It should be easy to explain what happens on a lease renewal, but it’s not.” In this final instalment, Michael Lever, The Rent Review Specialist, unpacks the complexities of lease renewals, from legal nuances and statutory terms to shifting tenant preferences and...
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How to Do a Lease Renewal
How to Do a Lease Renewal – Part 5
Michael Lever examines tenant alterations in leased agricultural and commercial properties, categorising them into consent-based types. He discusses their impact on rent valuation, lease terms, and legal frameworks, emphasising clear communication and adherence to...
How To Do a Lease Renewal – Part 4
In the fourth instalment of his series on lease renewals, Michael Lever explores the influence of different clauses within a lease on a property's rental worth. He underscores the significance of comprehending these clauses and their effects on rental value, alongside...
How To Do a Lease Renewal – Part 3
In the third instalment of his new series on lease renewals, Michael Lever discusses the legal aspects of landlord-tenant relationships, focusing on the termination or non-renewal of leases under the Landlord and Tenant Act 1954 (LTA54). As I intimated in Part 1,...
How To Do a Lease Renewal – Part 2
In the second instalment of his new series on lease renewals, Michael Lever focuses on the commercial lease renewal process, covering topics such as the expiration of contractual terms, notice periods, rent reviews, tenant's rights, landlord's considerations, and the...
How To Do a Lease Renewal – Part 1
In the first instalment of his new series for 2024, Michael Lever provides advice on navigating the lease renewal process. The title of this series implies that the existing lease would be renewed, but whether it has to or should be depends. It does not have to...