Acting on behalf of a tenant occupying a 30,000 sq ft industrial building on an established business park near York, BHT have secured a new 10 lease subject to break options.
Ben Walker, Head of Professional Services at BHT, dealt with the negotiations:
‘This was a tricky negotiation with the tenant having no security of tenure and paying a rent which had remained unchanged for 9 years. We were able to agree new lease terms to the satisfaction of our client despite a weak negotiating position. In these circumstances, where there is no security of tenure, It is very important for tenants to take professional advice and start new lease discussions well in advance of lease expiry.’
For professional advice on any lease renewal and rent review matters, please contact Ben Walker or one of the team at BHT.
