Are you taking on a new lease for a commercial, industrial or residential property and are likely to need to make alterations to the property? Or are you a Freeholder, Property Manager or established Leaseholder wishing to make alternations to your property? Then why not let our team of experienced Surveyors assist you with the paperwork?
What you need to consider
If you are a tenant, any alterations require the terms of the lease to be considered, as there may be restrictions in place as to the type of alterations you can make. Additionally, a Landlord’s consent to the alterations may be required.
Consideration needs to be given to whether the alterations will diminish the value of the property in which case a Landlord has a valid claim for recompense. In order to make the Landlord aware of any alterations, you will need to supply drawings and plans outlining the proposed alterations. Once the Landlord is in agreement, then consent will be given in the form of a Licence to Alter. Most Licences to Alter will require you to put the building back to its original condition upon termination of the lease.
Any alterations to the property will need to be considered when entering into a new lease to ensure that the cost of any improvements you make are not reflected in any rent increase imposed by the Landlord.
We can help: