The landlord and tenant team at OKT is highly experienced in all aspects of commercial property leasing.
We advise on suitable terms at the initial lease negotiation stage and on the wide range of issues that can arise during the term of the lease, such as applications for landlord’s consent to a change of use or a sub–letting, and the operation of break options.
Our expert rent review surveyors will ensure that the review procedure is property operated and that rental negotiations are based on a careful analysis of the lease and a sound knowledge of the market.
At the end of a lease, we advise on compliance with the Business Tenancies (NI) Order 1996 and any requirements of the lease, and negotiate renewal lease terms where a tenant is remaining in occupation.
Where terms cannot be agreed either at rent review or lease renewal, we represent parties in arbitration or Lands Tribunal proceedings.
We also advise on lease restructuring, which has become a common feature in the commercial property market in recent years.