MERJS, a leading London commercial property estate agency, discusses how a prospective commercial property tenant can prepare ahead of new tenancy negotiations to achieve the best possible commercial property tenancy terms

Released on: February 20, 2008, 10:24 am

Press Release Author: Colin Becker

Industry: Real Estate

Press Release Summary: London commercial property agent, Colin Becker, Director of
Central London office at MERJS, advises business owners on how best to prepare for
the process of negotiating a new commercial property tenancy agreement, regardless
of market conditions.

Press Release Body: London, UK - London, UK - MERJS - a leading London commercial
property estate agency, comments on the issues surrounding commercial property lease
negotiation. For further information visit www.merjs-agency.co.uk or call +44 20
7079 3976.

Colin Becker, Equity Director and Head of MERJS, a leading London commercial
property estate agency says: "Regardless of whether the commercial property market
in an area is in favour of the landlord or the tenant, the prospective commercial
property tenant should always make particular preparations ahead of new tenancy
negotiations. These will help the tenant to achieve the best possible commercial
property tenancy terms and begin the relationship with the landlord on an excellent
footing."

"Firstly," Colin begins, "The prospective tenant should make sure that they have the
best commercial property agent and solicitor on board. Both parties are critical in
the commercial property lease negotiation process. The commercial property agent can
advise on market conditions, ensure that the office space in question is sound and
as described. The best agents will facilitate smooth negotiations with the
commercial property landlord. The solicitor will be able to guide the potential
tenant through the minefield of commercial property law and ensure understanding of
the terms in the commercial property lease."

"In addition," Colin continues, "they should obtain information showing the landlord
that they are an excellent potential tenant. Favourable references from current or
former landlords and the tenant's bank manager are critical. It's also advisable to
present business accounts showing that the rent can easily be covered by net profits
and marketing materials demonstrating its credentials and longevity. After all,"
Colin adds, "if the commercial property market is buoyant and several parties are
seeking to rent the same office space, the tenant needs to be the most attractive
option to rise to the top of the pile."

About MERJS
MERJS is one of the leading commercial property estate agents, and is actively
involved in selling and letting of commercial property throughout Central London.

MERJS helps to identify and negotiate the most suitable office space to let for
commercial tenants; including a serviced office space requirement, a refurbished
Central London office, or a new commercial development. MERJS also advises a number
of high profile landlords in the letting of offices throughout Central London.

MERJS is also involved in advising a number of high profile organisations such as
property companies, commercial developers, institutions and private commercial
property landlords on acquiring and selling commercial investment property for sale.
This involves access to a wide range of commercial investment opportunities and a
detailed understanding of the Central London commercial property market.


Web Site: http://www.merjs-agency.co.uk

Contact Details:
26/28 Hallam Street
London
W1W 6NS
United Kingdom

Colin Becker
MERJS
020 7079 3976
merjs@momentumws.co.uk

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •