CASE STUDY
TNT BYFLEET
LEASE RENEWALS:

Objectives:
To negotiate short-term lease renewal to coincide with the acquisition of new premises
To navigate a path around Landlord redevelopment proceedings
Outcomes:
Short-term lease renewal outside Landlord & Tenant Act
2-year Renewal with a rolling break clause
Landlord proposed renewed rent of £525,000pa, settled at £408,000pa
Secured statutory compensation of £408,000 which otherwise would be lost
Savings Achieved: £642,000

Let's talk or
send a message
Tel: +44 (0)1494 853370
Legals
3PLRE
Address
Hampden House | Monument Park | Chalgrove | Oxfordshire | OX44 7RW

