Adrian Oliver & Co.

Chartered Surveyors

Independent Advice on Commercial Property

 

Let us lead you through the property jungle

 

Acquiring Premises

Rent Review

Lease Expiry

Lease Renewal

Moving

Fitting Out

Upsizing

Downsizing

Refurbishment

Break Options

Property Management

Facilities Management

Service Charge Vetting

 

Telephone:  Adrian Oliver FRICS on 01883 341684       

 

adrian@adrianoliver.com

 

 Fax : 01883 346261

 

Adrian Oliver & Co Ltd Registered in England No: 3933796

Registered Office: 13-17 Station Avenue, Caterham, Surrey, CR3 6LB


Acquiring Premises

 

Buying and selling your house is one of the most stressful experiences of your life - acquiring the right premises for your business can be just as bad!

 

In a rising market, Landlords can insist upon higher rents, longer leases and more onerous terms in the small print. In a depressed or static market, tenants can obtain concessions like longer rent-free periods and break options.

 

You can do it yourself. Research the market, read estate agents

 particulars, view premises that might be suitable, negotiate for them,

 instruct solicitors, negotiate the details of the lease. Then possibly have to repeat the process. This will absorb a large amount of your fee earning time.

 

Alternatively, we can do some, or all, of the hard work for you

Services we can offer you to you include:

Meet to ascertain your precise needs - location, size, budget etc

Find suitable premises and show you round a short list

Negotiate a good deal for you

Liase with your solicitors as they complete the legal necessities

Arrange the disposal of your current premises

Arrange the fitting out of your new premises

Plan and arrange your move, even supervise it

 

We provide a personal service, tailored to your needs

We will be pleased to meet you and explain how we can help

 

Adrian@AdrianOliver.com

 

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Rent Review, Lease Expiry, Lease Renewal

 

Rent Reviews

The steady rise in rental values in recent years means that significant increases can be expected at rent reviews. It is therefore essential that you are properly represented in negotiations to be sure that the rent is set at the correct level. The wording of the lease is crucial to the rent to be paid so no two cases are the same. It is essential to take advice before the review as sometimes "time is of the essence" and failure to reply to an innocuous letter can lumber you with a ridiculous rent for the next five years.

 

Lease Expiry and Lease Renewals

The expiry of a commercial lease is surrounded by legislation and usually requires the service of a formal Notice.

There are numerous pitfalls whether you want the lease to end or continue. It is possible to be obliged to pay rent beyond the end of a lease when you do not need it. It is also possible to be charged double rent if you remain in occupation after the end of a certain type of lease.

We recommend obtaining advice and agreeing a strategy one year before the end of the lease to ensure the best result can be obtained.

 

Plan in advance to avoid unnecessary problems or expense, call us

 

Adrian@AdrianOliver.com

 

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Fitting Out & The Move

 

Fitting Out

The fitting out can make or break your premises

 

Careful consideration of your requirements, between your operation staff and our Chartered Building Surveyors, will ensure you get the result you are looking for, without any unpleasant surprises like - "What do you mean the Fire Brigade say my office can't be used!!"

 

We can advise upon all aspects of fitting out from basic demountable partitioning to major structural alterations.

 

Moving

Organising the move can absorb a huge amount of your fee earners productive time. We can help by doing some or all of the following:

Meet to agree what needs to go where

Obtain competitive quotes from movers

Co-ordinate the move with progress on the lease and fitting out,

and provide regular reports on progress

Label furniture and equipment

Arrange supply & delivery of new furniture

Provide instructions for the move to your staff

Supervise the move itself

 

The aim is that your fee earners will finish work at close of business

 on Friday and start earning money in your new premises

first thing on Monday, with no down time

 

We would be pleased to meet you and show how we could help

 

Adrian@AdrianOliver.com

 

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Upsizing, Downsizing

 

Upsizing

You need more space for your business.

How are you going to obtain it: purchase or leasing?

Additional space or replacement space?

How do I dispose of my old space to the best advantage?

 

Downsizing

When you have too much space there may be several options open to you including Assignment (selling your lease) and Sub-letting.

 

Every situation is different & will need to be discussed individually, call us now

 

Adrian@AdrianOliver.com

 

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Refurbishment

 

Moving may not be the only solution to your property problems.

 

Step One is to look at your current premises to see if they can be improved to meet your requirements, for example:

Overheating? Install comfort cooling

Cabling problems? Install a raised floor

Restrictive partitioning layout? Rip it out and re-organise

If the answer is Yes.

 

Step Two is to ensure that those improvements are feasible - (planning permission, landlord's consent etc) but also whether they are cost effective on your existing lease. Should you negotiate a lease extension first?

 

Consult with us to find the best answer to your property needs.

 

Adrian@AdrianOliver.com

 

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Break Options

 

Congratulations, you have the opportunity to end your lease early if that suits your business plan.

 

However Break Options are a minefield where a number of tenants have come badly unstuck:

 

Firstly you must properly give Notice to your landlords.

 

Secondly, the conditions set out in your lease must be strictly complied with.

 

Get either of these wrong and your option can fail and you are stuck with the lease until it expires, or you make a significant payment to your landlord!

 

Let us guide you through this minefield.

 

Adrian@AdrianOliver.com

 

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Property Management, Facilities Management

 

Property is an asset that needs to be actively managed to maximise its value and minimise its costs.

 

and that applies to both Landlords and Tenants!

 

Property Management for Landlords

Is rent promptly paid, if not, what can be done about it?

Are your tenants obeying their obligations under their lease?

Are you meeting your contractual obligations to the tenants?

Do you really want the aggravation of dealing with the day to day problems of your property investments?

 

Facilities Management for Tenants and Owner Occupiers

Pro-active regular maintenance saves money in the long run.

Regular reviews of your property allows proper forward planning

so you can budget for major changes in expenditure:

The need to acquire more space next year,

 A significant increase at the rent review in 2003,

 An external redecoration in 2004

 

Call us, we will be pleased to come and see you and provide a customised solution to meet your needs.

 

Adrian@AdrianOliver.com

 

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SERVICE CHARGE VETTING

 

 

How can you be sure that the Service Charge levied by

your landlords is correct?

 

Answer

 

Call in our sister company

 

ServiceChargeSolutions.co.uk

 

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