Chartered Surveyors
Independent Advice on Commercial Property
Let us lead you
through the property jungle
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
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
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
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
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
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.
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.
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.
How
can you be sure that the Service Charge levied by
your
landlords is correct?
Answer
Call
in our sister company
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