Millar Sandy provide agency services in respect of the sale of commercial property of all types. Current and past major clients include Stafford Borough Council, Staffordshire County Council, the Staffordshire Police Authority and Central England Co-operative Society.
The letting of commercial property is a major function of the firm with many longstanding landlord clients having Millar Sandy staff connections stretching back to 1976. Current and past major clients include Aviva Investors, Central England Co-operative Society and Alstom (UK) Limited.
The end of a lease offers landlords and tenants the opportunity to consider whether they wish to agree a new lease. Often, the renewal process involves a formal procedure which is set out in the Landlord and Tenant Act 1954. We can provide sound, clear advice on the mechanics of the Act and undertake extensive research into current market activity to provide advice to our clients. Our involvement can ultimately include advice on an assessment of the market, appropriate lease terms, rental advice and negotiation of renewal terms for agreement.
The complex world of Landlord and Tenant law can be confusing for most owners and occupiers. We focus on strategic business issues of lease renewals and rent reviews across the main office, industrial and retail sectors. Acting for both landlords and tenants, our experience and expertise allows us to maximise our clients’ objectives for the best possible outcome.
A rent review presents an opportunity for the landlord to increase rental income at set increments of a lease. Conversely, tenants will seek to minimise the rental out-going at review stage. We act for landlords and tenants to provide rental advice on rent reviews, on an individual basis, according to the terms of your lease. For landlords we advise upon opportunities to maximise rental income and asset value.
Circumstances often change for both landlords and tenants and it may be mutually beneficial for both parties to re-structure the lease. There will be factors that can work both for and against a landlord or tenant in this process. Our expert market knowledge and negotiation skills can be used to ensure our clients objectives are met.
Due to the complex nature of a rent review, where disputes occur, rent review clauses are typically provided for referral to an Arbitrator or Independent Expert (referred to as the Third Party). We’re very experienced in preparing expert witness reports, setting out key issues and evidence to Arbitrators and Independent Experts, and advising clients on the best way to mitigate cost exposure at third party.
Although primarily a marketing agency, Millar Sandy also provide rental and freehold valuation reports for Inheritance Tax, Pension, Matrimonial, Capital Gains Tax and other financial purposes.