Michael Lever details five approaches to renewing a commercial lease under the Landlord and Tenant Act 1954: formal notice, informal agreement, a combination of both, restructuring before expiry, or granting a reversionary lease. He highlights the advantages,...
How to Do a Lease Renewal
How to Do a Lease Renewal- Part 7
Michael Lever shares his experiences as an expert witness in court cases related to lease renewals. He discusses various legal and procedural challenges encountered during these cases, the importance of objectivity for expert witnesses, and critiques current...
How to do a lease renewal- part 7
How to Do a Lease Renewal – Part 6
In part six of his series on lease renewal, Michael Lever offers guidance on lease renewal negotiations, covering timing strategies in various markets, legal aspects of extending notice periods under the Landlord and Tenant Act 1954, and factors affecting rent and...
How I Started My Business
Michael Lever recounts his career journey in the property industry, highlighting his decision to become "The Rent Review Specialist," the influence of his father, key career experiences, and his enduring commitment to his profession without plans to retire. ...
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...