Successfully negotiated a 46% reduction from the landlord’s proposed 43% rent increase.
Lease held outside Landlord & Tenant Act with five years unexpired. Agreed an option to extend for further five years.
Future proofed our client’s occupation whilst adding value to the business.
Vail Williams’ lease advisory team was appointed by longstanding client, Flight Logistics Group, for advice on a rent review.
Their landlord proposed a significant 43% increase in rent on their premises at Unit 7-8, Wokingham Commercial Centre, Berkshire. There was five years remaining on the lease, which was held outside of the Landlord & Tenant Act.
“We have used the services of Vail Williams for many years, for lease negotiations, rent reviews and rate evaluations across all our sites. They have always worked diligently to obtain the best outcome for us, and I recommend one consultant in particular – Frank Perri – for his careful considerations and sound advice.”
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
