Is your GP practice lease due to expire? You can instigate the process 12 months prior to the expiry of the lease!

Once a lease expires a tenant and landlord will have to go through a lease renewal process. If an owner-occupied surgery is sold to an investor, then a new lease should be put in place or maybe an owning GP Partner decides to retire then the same would apply, and again a new lease should also be put in place.

This makes sure that both parties know exactly what is occupied, for how long, and who is responsible to do what under the Lease.

The process for setting up a new lease renewal comprises of:

  1. Draft heads of terms – which set out the main headline clauses including, what is being leased (Property), initial Rent, length of lease, who is responsible for the repair and maintenance of the premises and the rent review basis (market rent or RPI) and frequency.
  2. Negotiate and agree heads of terms between Landlord and Tennant and their respective representation.
  3. Seek approval from the NHS for the agreed Heads of Terms.
  4. Liaise with solicitors to ensure the new lease is signed.

Please note: New lease renewals should ideally be instigated 12 months prior to the end date of the original lease.

What can BW Healthcare Surveyors do for you?

 

We can undertake a free initial assessment of your surgery lease to determine:

  1. Whether there are any outstanding rent reviews, that could be instigated.
  2. What the repair and maintenance obligations are, and to ensure any retention of the rent has been actioned.
  3. When the lease is up for renewal and when that can be re assessed.

If instructed to undertake a lease renewal or to set up a new lease, our service will include the following:

  • Initial discussions with you and analysis of any existing leases.
  • Survey and inspection of the premises.
  • Calculate our opinion of what the rent base would be upon the facts collected from the survey and the relevant comparable evidence for the area.
  • Send detailed emails to you setting out our advice on the proposed draft Heads of Terms including our recommendations and observations.
  • Negotiate and agree Heads of Terms (including rental figure) for the new lease with the Landlords/other parties appointed representative.
  • Seek approval from the NHS for the agreed Heads of Terms
  • Liaise with solicitors, the Landlord/other party and the NHS (if appropriate) to ensure the new lease is signed, agreed, and approved.

Why choose BW Healthcare Surveyors?

 

BW Healthcare Surveyors team, have considerable experience helping GP Practices with their lease renewals. We pride ourselves on our no-nonsense approach and highly competitive fee structures. We will manage the whole process from start to finish and keep you up to date with our progress on a regular basis.

  • We are the Top ranked primary care surveying firm in the UK according to Practice Index.
  • We have 10 specialist primary care surveyors with over 100 years combined experience supporting GP practices with all their premises requirements.
  • Our specialist team have already provided help and support to over 1,000 GP practices.
  • We are SafeContractor accredited, and a Code of Practice approved supplier.
  • We have fantastic working relationships other agents, ICB’s and NHS Premises teams to ensure a speedy and hassle-free lease renewal process.

Should you have any questions or queries in regards to any of the above or would like to discuss your circumstances with one of our expert advisors, please don’t hesitate to get in touch on 0114 4420098 and we would be more than happy to help.

CLIENT TESTIMONIALS

Sue Pyatt

Excellent service throughout, constant updates and feedback from yourselves.

Sue Pyatt, Practice Manager

Francis Mulhern

They were extremely easy to deal with, informative, focussed and efficient.

Francis Mulhern, Bretton Medical Practice Peterborough

Adnan Mohammad

Efficient company that that has a competitive fee and get the job done.

Dr Adnan Mohammad, GP Partner, Newsome Surgery, Yorkshire

Jill Foster

BW Healthcare has that special personal touch.

Jill Foster, Practice Manager, Beacon Primary Care, Lancashire