Objectives

To negotiate short-term lease renewal to coincide with acquisition of relocation premises

To navigate a path around bought proceedings served by Landlord for a longer term

Outcomes

Leverage achieved by agreeing to a short-term lease renewal outside the Landlord & Tenant Act for a term of 2 years

Renewal incorporated a rolling break clause of 3 months’ notice June 2019 giving maximum relocation flexibility

Negotiated a reduction in rent to £759,314pa equivalent to £115,000pa