The process of lease renewal can often be a stressful occurrence for many people, be it for Landlords, Tenants or intermediaries. The process is made all the more problematic by the complexity of Case Law, that special vein of law that governs the rental and leasing of property in the United Kingdom.

It is very important to find the right rental price for a property, however it is not always very easy. In many cases either the Landlord or the Tenant – or both – will draft in the expertise of a specialist, who knows how much that particular property is likely to be rented for. There are a range of things that are taken into account when a lease renewal is calculated. The rental prices of the surrounding properties in that area is a big factor, and a given property that is subject to a lease renewal cannot deviate from this general bracket of prices too much.

If you are in the process of negotiating a lease renewal, then it might be a very good idea to seek qualified and experienced advice on the matter. There are a great many things to take into account and if you need leverage to either increase or decrease a proposed rental price (depending on if you are a Tenant or a Landlord), then having access to these things can sometimes make all the difference. The more contentious a lease renewal is, the more you might find the help of experts of benefit.

It is important to find a firm that is experienced in contended Lease Renewals. Sometimes Landlords refuse renewals to certain Tenants and sometimes it is the other way round. Or perhaps the Landlord may offer a given Tenant a renewal, but that Tenant may vacate – which may well lead to an end of term Dilapidations negotiation. This is basically recovering any costs arising from lack of maintenance of the property in question. The exact timings of such events and indeed the possibilities of other avenues to investigate, usually arise with the participation of experienced property specialists.

In a certain geographical area, it is a good idea to enlist the assistance of a property specialist; for example in London, certain companies will have a level of knowledge as regards other local property values, thereby being in a good position to judge a property that has not been subject to lease renewal in the past