Lease Options and Negotiations

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We have a 10 plus 10 year lease and it is now time to exercise the option. We would however feel more comfortable with another 5 plu 5. How should we go about this and how easy is it to do. Who can help us.

Two people you should immediately speak to are:

1. A lawyer who can check you lease documents; and
2. A real estate adviser who has local knowledge. They can advise what is happening in the local property market.

Generally the longer the overall lease, the more secure the business. However, too long a lease may mean you are not able to move with the market. It is a balance.

We can advise from a management and commercial perspective