Business Premises and Surveyors
Taking on business premises is an exciting time, but can also be daunting.  The right advice at the outset can save you costly mistakes in the future.  Most people wouldn’t think twice about using a solicitor to negotiate their lease for them, but what about a Chartered Surveyor?  Have you used one?  But why would you need someone in a hard hat using a theodolite, or the person that values your house for the mortgage?  What have they got to do with business premises?
  • Surveyors cover many areas, including those above, but one specialising in Landlord and Tenant work, such as rent reviews, lease renewals and property management can be invaluable to those leasing business premises.  A solicitor is essential whilst dealing with a lease renewal, but a surveyor should ideally also be appointed to work in conjunction with them.
  • Did you know that it may be possible to change the terms of the lease, or reduce the rent?
  • Has your solicitor advised you about the Lease Code and Service Charge Code, and the benefits these have for you?
  • Were you aware that if the landlord serves notice on you requesting you vacate the property (a "Section 25 notice") that you may not have to?
  • Do you understand all your obligations regarding repairing liabilities in the lease?  If you have a full repairing clause then you are responsible for carrying out all repairs necessary to the property – this could include significant items such as the roof.  Being aware of this at the outset allows you to budget accordingly, or negotiate to mitigate your liability.  You don’t want to sign up, move in and then find that two years later the roof needs replacing and it is now your responsibility.
 A surveyor is the appropriate professional to deal with a rent review, as they are experienced in valuing business premises and obtaining evidence to justify their claims, ensuring you end up with the right level of rent.

Of course the above applies if you are a tenant, but equally a surveyor can act for a landlord to ensure that the landlord’s investment is protected. 
People may wonder why they should appoint a surveyor when they can agree a deal themselves.  You use a solicitor, architect and accountant as they are specialists, so too is a surveyor.  Each has their own place.  Appointing the right professional frees up your time to allow you to concentrate on your business, and ensures you get the best possible agreement.  Don't just take our word for it, read some of our testimonials.