PROPERTY DISPOSALS
BB&J take pride in providing a professional Commercial Property Estate Agency Service.
We can offer expert advice to owners and/or occupiers of all types of property including retail, industrial and office accommodation seeking either to sell the freehold property outright, to let premises on a new lease or to act on behalf of the existing tenant in the assignment or possible surrender of their current lease.
We can offer expert advice to owners and/or occupiers of all types of property including retail, industrial and office accommodation seeking either to sell the freehold property outright, to let premises on a new lease or to act on behalf of the existing tenant in the assignment or possible surrender of their current lease.
PROPERTY ACQUISITIONS
Whether rationalising, expanding or relocating, sound professional advice is necessary.
BB&J can undertake searches for suitable premises on behalf of clients and can assist in the shortlisting of suitable accommodation prior to negotiating the acquisition of freehold or leasehold property.
Few businesses have neither the time or the expertise to successfully seek and acquire their own premises.
VALUATIONS
Written valuations are required for a number of different purposes including sales, lettings, acquisitions, company accounts and secured lending.
Our team of qualified Chartered Surveyors can offer accurate professional valuation advice to companies and individuals and are also panel valuers to a number of high street Banks, Building Societies and lending companies.
Our team of qualified Chartered Surveyors can offer accurate professional valuation advice to companies and individuals and are also panel valuers to a number of high street Banks, Building Societies and lending companies.
RENT REVIEW/LEASE RENEWALS
Many leases of commercial property contain provision for rent reviews allowing the landlord the opportunity to adjust the rental to reflect market conditions at the relevant review date. Correct interpretation of the terms within the lease are crucial.
At the end of the contractual term the landlord and tenant may or may not desire to renew the lease. In either eventuality, there are strict provisions which require to be implemented under the terms of the Landlord and Tenant Act 1954 Part II.
BB&J provide the necessary professional advice to either the landlord or the tenant in order to obtain the most favourable terms.
At the end of the contractual term the landlord and tenant may or may not desire to renew the lease. In either eventuality, there are strict provisions which require to be implemented under the terms of the Landlord and Tenant Act 1954 Part II.
BB&J provide the necessary professional advice to either the landlord or the tenant in order to obtain the most favourable terms.
SCHEDULES OF CONDITION/DILAPIDATION
A Full Repairing and Insuring lease usually requires the tenant to keep premises maintained in good and tenantable condition. This may also imply that the tenant might first be required to put the premises into good repair.
A Schedule of Condition recording the state of the premises at the commencement of the term may serve to limit the tenant’s repairing liability, saving thousands
of pounds.
Where leasehold premises are being vacated, a Schedule of Dilapidations may be required by the landlord seeking rectification or compensation for any outstanding repairs at the end of the term.
BB&J can undertake to act on behalf of the landlord or the tenant in the preparation of a suitable settlement where disputes may arise.
A Schedule of Condition recording the state of the premises at the commencement of the term may serve to limit the tenant’s repairing liability, saving thousands
of pounds.
Where leasehold premises are being vacated, a Schedule of Dilapidations may be required by the landlord seeking rectification or compensation for any outstanding repairs at the end of the term.
BB&J can undertake to act on behalf of the landlord or the tenant in the preparation of a suitable settlement where disputes may arise.
If you want information on any aspect of commercial property acquisition or disposal, rent review/lease renewal or if you require any advice, please do not hesitate to contact us.
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