Unsure about your lease?

At Rock Commercial, market leading expertise in Lease Advisory means introducing smart, creative and intelligent negotiation to lease restructuring and regears, lease renewals and rent reviews.

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  • Paying above market rate

  • Onerous repair obligation

  • Uncompetitive incentive package

  • Understanding reinstatement provisions

Support on either side of the lease, never both

Lease Advisory

Our lease advisory services cater to both tenants and landlords, ensuring fair and beneficial lease agreements. We help tenants avoid costly pitfalls and empower landlords to maximise their property’s potential.

Tenants

Tenants can trust us to scrutinise every aspect of a lease agreement, uncovering any hidden costs or unfair terms. Our expert advice helps you avoid unexpected responsibilities which have material cost implications.

Landlords

Landlords can rely on us to optimise lease terms, ensuring market competitiveness and maximising returns. We highlight potential issues and suggest improvements, securing a favourable lease that benefits your investment.

Expert Opinion on Rents

We provide representation, rental value and strategy advice to investors and occupiers in the negotiation of rent reviews. Our experienced team uses a combination of latest market data and technical knowledge to help our clients achieve the best possible result by a negotiated settlement or through a dispute resolution process.

Guiding you Through the Lease Renewal Process

We provide representation to investors and occupiers in the negotiation of lease renewals and lease restructures. Our experienced team advises through the complex lease renewal process of protected tenancies, unprotected tenancies and licences. We liaise with your legal advisors from the initial service of formal notices through to completion of documentation.

We will check everything and then explain it in plain English

Our lease advisory service includes thorough reviews of financial terms, clauses, risks, and property specifics, ensuring every aspect of your lease is fair and advantageous.

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Financial Services

We ensure financial terms are clear and fair, safeguarding you against hidden costs.

  • Accurate rent assessments

  • Transparent service charges

  • Fair lease renewal terms

  • Properly defined break clauses

  • Market level incentives

Terms and Clauses

Our experts review all terms and clauses to protect your interests.

  • Clearly defined obligations

  • Reasonable repair responsibilities

  • Transparent notice periods

  • Equitable yielding-up provisions

  • Understanding alienation clauses

Risks

We identify and mitigate potential risks in your lease agreement.

  • We identify and mitigate potential risks in your lease agreement.

  • Prevention of costly legal disputes

  • Mitigation of maintenance responsibilities

  • Protection against unexpected charges

The Premises

We ensure the lease accurately reflects the condition and specifics of the premises.

  • Detailed property descriptions

  • Accurate boundary definitions

  • Clear maintenance responsibilities

  • Proper use clauses

Have a question?

FAQ

Here are a few of our most frequently asked questions.

  • What is lease advisory?

    Lease advisory encompasses every aspect of a lease that can have a material impact on either a landlord and a tenant both in cost, and enjoyment terms. It includes lease renewals, rent reviews, lease restructures, early lease terminations and green lease provisions.

  • How can lease advisory services save me money?

    By negotiating the best possible deal for the landlord or occupier in terms of lease length, level of rent, incentives, capital contributions etc.. significant cost savings can be made.
    Providing specific commentary around the rent review clause, alienation provisions, repair obligations, green lease clauses etc.. Ultimately any aspect of an occupiers obligations to the landlord or vice versa and the building in terms of occupation and cost impact.

  • Can lease advisory services help with existing leases?

    Yes. Anticipating critical lease events, providing rent review advice, considering a lease extension or early termination or simply seeking to understand some of the clauses in the lease and their potential impact.

  • How long does the lease advisory process take?

    It can take days, weeks or months depending on the scope and complexity of the work involved. In all cases we would aim to resolve the matter as swiftly as practically possible.

  • What are my obligations when the lease comes to an end?

    This depends on the requirements of the lease. There are many considerations, eg. does the lease require you to remove any fixtures or make good any alterations? Are you required to decorate and return the property in a good state of repair? Our team can guide you through these considerations.

  • Are there any repair obligations?

    The obligations on repair in most leases require a tenant to keep the property in good repair. In some circumstances, repairing obligations are by reference to a Schedule of Condition which shows the exact state the property was in at lease commencement.

  • Is there a provision for rent reviews in Guernsey?

    Yes, although rent reviews in Guernsey are every 3 years unlike 5 years in the UK. Types of rent review can vary from open market rent reviews to index linked reviews (Guernsey Retail Price Index).

  • Are leases protected by the Landlord & Tenant Act 1954?

    Guernsey and Jersey have their own laws in this regard and leases granted are not protected by the Landlord & Tenant Act 1954. Speak to our experts to understand the nuances.

  • What is Security of Tenure?

    Security of Tenure means that the tenant has the right to renew the lease at the end of the term. However, this renewal is subject to reasonable modernisation and a new market rent. It is vital to point out that there is no security of tenure in Guernsey which is why there are typically longer leases than other jurisdictions.

Take the first step towards a worry-free lease

Let our qualified chartered surveyors guide you through the complexities of your lease with confidence and clarity.

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