Leases

Commercial and residential leases can been complicated. They can be renewed, assigned, sold and purchased. There are often times when tenants need the assistance to act within them when they end or to understand them if entering into one. Satchells commercial department is versed in all aspects of the field of leases and would be happy to provide a competitive quote for acting for someone needing assistance.

Rent Reviews and Lease Renewals

Based on our extensive local knowledge of rents and market conditions, we can advise landlords or tenants on market rents and appropriate lease terms. The rent is, for most people, the main concern. We can tell you how the base rent varies from location to location; then at any given location how the specific lease terms such as repairing or user covenants can increase or decrease the base rent.

Unlike most other agents we have an incentive driven fee scale rather than a flat fee based on the final rent. We normally make a small charge for the initial appraisal, then, if instructed to proceed, our fees can be based on a percentage of the increase or decrease we are able to negotiate. For instance, if acting for a tenant, we appraised the rent at £15,000 but the landlord is asking £20,000, then our fees will be based as a percentage of the reduction we achieve.