Lease Advisory
It is vitally important that Tenants of business premises seek professional advice as to rental levels and the terms of their leases.
Evans & Payne have many years of experience in advising Tenants in respect of Rent Reviews, Lease Renewals and Lease Restructuring.
Our track record shows that through our experience, expertise and market knowledge we are able to negotiate the lowest possible levels of rent, be that at Rent Review or Lease Renewal.
We are also able to negotiate favourable lease terms either at Lease Renewal or during the term of the lease where we explore the benefits of Lease Restructuring.
In most cases we will be able to achieve these aims through negotiation but where appropriate, if it is necessary to refer to a third party, then Evans and Payne have the required expertise to act as Expert Witness in referrals to Arbitration, Independent Expert determination, PACT or Court.
Reform of the Landlord & Tenant Act 1954, Part II.
This long standing Act provides a framework for business tenants in England & Wales to renew their leases. Currently we are at the second stage of the Law Commission’s consultation paper looking at proposals to reform the Act including contracting out of the Act. Nigel Rand is contributing to an RICS working party on this important topic. Further details will be provided upon conclusion of the consultation process.
Banning of Upwards Only Rent Reviews
In July 2025, the English Devolution and Community Empowerment Bill 2025 was introduced to Parliament. This included provisions to ban upwards only rent reviews within new leases including renewals of existing leases. It is not clear yet when the provisions will come into force and whether the ban will apply retrospectively.
Both the potential reforms to the Landlord & Tenant Act 1954, Part II and the banning of upwards only rent reviews are likely to have far reaching consequences for both tenants and landlords and it is therefore more important than ever to seek professional advice.
Evans & Payne are ready to assist . Please call Nigel Rand on 07896 649325
