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Property lease negotiation for a retail outlet in Portsmouth

28 November 2023 by

Challenge: This client had identified his ideal location and received a weighty document from his prospective landlord setting out the terms of the lease. I was approached for advice and reported that, of the 22 proposed terms, 7 were non-contentious, but the other 15 offered opportunities for savings.

Result: We finally reached agreement on all 15: the fact that the landlord’s profit also depended on the tenant’s turnover made it a ‘win-win’ deal. The savings to the tenant amount to more than £50,000 per annum.

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