Case studies

Lease Restructure

A lease forms a binding contract therefore neither party is obliged to agree to alterations in its structure however, landlord or tenant’s property requirements often change whilst they are contracted into a lease.

A tenant, for example, may wish to surrender the lease before the expiry date or a landlord may want to reclaim part or all of a property for refurbishment or redevelopment.

And yet, changing a lease can often be beneficial to both landlord and tenant through the release of latent value or in exchange for compensation. Lease restructuring therefore offers significant business opportunities.

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Paul Burnett MRICS

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