This is a minefield for the unwary and unrepresented and where good advice can protect and enhance property values for the landlord or minimise occupation costs and risks for the tenant.
We have managed all kinds of urban properties, from residential to commerical, and can supply a complete management service including client accounting in accordance with RICS Regulations and Guidance.
We can offer:
- Property Letting, Rent Collection and Service Charge Management
- Advice on Schedules of Condition and Dilapidations for Landlord or Tenant
- Lease Renewals
- Rent Reviews
- Insurance Advice
- Arrears Recovery, Re-Entry and Forfeiture
- Authorised Guarantees, Rent Deposits and Sureties
With so much legislation affecting value in the Landlord and Tenant Act 1954 for example, and with implied rights of waiver by landlords to breaches by just accepting rents, where time of the essence clauses for rent review can mean a missed review date or a tenant paying an exorbitant rent, this is not an area to learn from experience!
The Government is seeking to review Landlord and Tenant legislation in the near future and there is presently a draft code of practice available for consultation on the granting of new leases.
Tactics too can be important, especially with lease renewals, and the appropriate timing for the service of Section 25 and 26 Notices can relate to property market conditions. We are also familiar with Scottish and Irish property law and can assist with property portfolios throughout the British Isles. Contact us for this topic on: