Lease Rent Reviews & Renewals

Are you a tenant whose landlord has instigated a rent review or lease renewal? Or are you a landlord wanting to instigate a rent review or lease renewal with your tenant?

The impact of the 2013 Premises Costs Directions on rented GP surgeries and medical centres can potentially leave practices with shortfalls in rent reimbursement.

GP tenants now need to agree the rent review with their landlord before the NHS will instruct the District Valuer to review the rent reimbursement due to the practice, which without appropriate advice and representation can expose practices to significant financial risk. To ensure their interests are properly protected throughout the rent review process, practices are well advised to consider engaging the services of a surveyor with a specialist knowledge of GP surgeries and NHS procedures.

Our specialist general practice surveyors have a proven track record of acting for both landlord and tenants of GP practices in the following areas;

• Rent reviews
• Lease renewals
• Drafting heads of terms
• Setting up a new lease
• General lease advisory

Using our database of comparable evidence and specialist knowledge of the healthcare sector we manage the whole process from start to finish and deliver the required results for our clients.

When acting for the landlord

We can undertake a free initial assessment of the surgery lease to advise on the best course of action to initiate the rent review or lease renewal process. Our primary focus when acting for landlords is to ensure the return on your investment is maximised.

When acting for the tenant

We will begin by providing a free initial assessment of your rent review or lease renewal notice as well as the practice lease to advise on the best next steps. The primary focus when acting for a tenant is to ensure the rent reimbursement from the NHS covers any revised rent agreed with the landlord and that any eligible retention of rent is actioned.

Our fees for lease rent reviews and lease renewals are highly competitive. We understand that our clients require a personal professional service which identifies the relevant features of their premises, but also takes account of the complex environment of primary healthcare.

Get in touch with one of our expert advisors today and we would be more than happy to arrange for a free initial assessment of your rent review or lease renewal documents and discuss how the process works in more detail.