There are plenty of reasons as to why you may be looking to prematurely end your commercial property lease. Perhaps you’re tied into a lease for a property you no longer need nor can afford. Maybe you’re a larger business looking to close some of its premises to focus on more profitable venues. If your lease hasn’t expired, you can still release yourself from the lease, but this may come at a heavy financial cost. We’re well-versed in dealing with this issue, and have negotiated favourable settlements and deals for a diverse range of clients.

Your landlord may launch a dilapidation claim against you and your business if they believe you’ve failed to repair or maintain the property to a lettable standard at the end of your lease. Our team is on hand to help limit the costs of a dilapidation claim and help you fight unjust claims from your landlord.

Yes, it is indeed possible to carry out a mid-term lease restructure. Thankfully for you, this is something that Cedar Dean specialises in. We will use our vast expertise and experience to help determine if you can make significant savings on the rent costs for your commercial property.

A commercial property lease is a legally binding document between a commercial landlord and a business. It sets out the timeframe and terms of a business using a specified property for a particular business or commercial purpose. The rent payable over that period of time is detailed in the lease, as well as the legal terms and responsibilities that the landlord and the tenant must adhere to. We believe that mid-term lease restructuring can help create value for the tenant, which in turn, generates a more sustainable, long-term lease for the landlord. We work with business clients who agree with our view that the relationship between tenant and landlord needs improving and that leases should be structured on an affordability model. In addition to this, we negotiate for more favourable terms when leases are up for renewal, identifying opportunities for change.

Rent reviews primarily take place to enable the landlord to ensure they are charging the market rate for their properties. If your commercial property lease has an upwards only rent review clause, the rent will only increase or stay the same, it can’t decrease. We can negotiate different clauses to help you avoid upward only rent reviews. If you are being affected by such a clause in your contract, our team of experts will help to restructure your lease to create savings elsewhere.