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| | In a buyer's market, tenants have the upper hand;
they can call the shots. Of course, with change comes opportunity and as an entrepreneurial
landlord you can adapt to take advantage.
So
what should you be doing today to restore and maintain the value of your property
portfolio?
Be sure to talk to your tenant and
understand their needs. Make the most of lease events. By offering a flexible
and creative approach you can construct tomorrow's deal today.
Contact
me today to find out how NB can help speed up the process and achieve the best
possible result.
Best regards
Rory
Newsome Divisional Director - Landlord and Tenant DD:
+44 (0) 20 7544 2043 rnewsome@nbrealestate.co.uk www.nbrealestate.co.uk
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| | Did you know?
The L&T team at NB recently secured
a 15 year lease extension on a 70,000 sq ft distribution unit. They approached
the tenant four years prior to the expiry of the lease and on the back of an ongoing
rent review discussion.
With availability on the increase and rents falling,
timing really is everything.
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| Don't delay
In most cases it may take between 9 and 12
months from the start of the process for a lease renewal to reach court.
In the current climate such delays can have a serious
impact on the rent achievable and the value of your investment. So don't delay.
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