Rent Reviews & Lease Renewals
Seths act for both landlords and tenants with regard to rent reviews, lease renewals and negotiating the terms of a new lease.
For some tenants, the likely increase in rent on review compared with other outgoings may seem too small to justify engaging professional advice; this may sometimes be right, but in our experience it is rare for professional advisors not to yield significant benefits.
Rents change from year to year, but they do not always maintain the same relationship form locality to locality. Tenants through lack of knowledge may thus accept rents higher than justified, thereby setting an excess level as a precedent for others in similar buildings or areas.