At Acrewoods, we act for property owners and tenants on a range of matters including-
We act for both landlords and tenants in the assessing of market rents for commercial premises. The majority of commercial leases entitle the rent to be reviewed after a certain number of years, and with our local knowledge of North and North West London areas, we are able to prepare initial advice on the estimated rental value, which can then enable the landlord or tenant to enter into negotiations with the opposing party with a clear understanding as to the level of rent which is appropriate at the date of review. Such an initial valuation can prevent a tenant from agreeing a rent increase when it is not appropriate, or assisting a landlord in obtaining an increase when the tenant does not believe it can be justified.
We have experience in acting for both landlords and tenants in rent review negotiations, and if necessary submitting expert evidence to an RICS appointed valuer, should negotiations prove unsuccessful.
Upon the expiry of a commercial lease, it is often the case that the tenant has a right to a new lease on similar terms as before, save as to rent. We have experience in advising landlords and tenants upon their rights under the current Landlord & Tenant legislation, and can assist either party in negotiating the terms of the new lease and advise on serving notices under appropriate legislation.
SCHEDULE OF DILAPIDATIONS
A Schedule of Dilapidations is a report which is prepared by a freeholder prior to the expiry of a lease. It identifies items of disrepair to a building which must be rectified prior to the expiry of the lease. Depending upon the wording of the lease, it is often a requirement of the tenant to return the property upon the expiry of the lease in repair. Occasionally this may mean the tenant has to return the property in better condition than they took occupation of the building. A Schedule of Dilapidations enables the freeholder to quantify the works which are required and ensure that the tenant is provided with the required period of notice.
SCHEDULE OF CONDITION
This is a survey which simply records the condition of a property at a particular point in time often prior to a lessee (tenant) taking a new lease of a building. It helps protect the tenant, so upon expiry of the lease, it can be agreed with the landlord that the condition will be returned in a similar condition as at the date the lease was initially signed. Such a schedule of condition is frequently accompanied by photographic evidence. Similarly it may assists tenant’s as to the level of rent upon rent review.
BOUNDARY DISPUTES / SITE SURVEYS
A site survey is undertaken when an area of site is in dispute with a neighbour over the exact line of a boundary wall or fence. Such surveys are also often required when owners of sites are looking to extend their property, so that the lines of the boundaries can be clearly defined.
Acrewoods provide specialist advice on the valuation and negotiation of residential lease extensions and freehold purchases.
- Extend the lease of a flat by the 90 year statutory term.
- Purchase freehold of leasehold houses.
- Collectively purchase the freehold for a block of flats.
We will advise you through every step of this complex process and act on your behalf in the lease extension or freehold negotiations utilising our many years of experience. We work closely with a number of solicitors and, if needs be, we can act as an Expert Witness in Leasehold Valuation Tribunals or Upper Tribunals.
Expert witness reports are prepared to assist a Court upon the value of a property, or specific items in relation to a building or its boundaries.
We have experience in preparing valuations for Court purposes, and providing evidence in