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WE'VE THROWN THE RULEBOOK OUT OF THE WINDOW. IT'S TIME TO RETHINK YOUR BUSINESS PLAN.

Rethink your business

Do landlords keep quoting 'industry rules' at you? '3 months rent in advance. That's the industry standard'. '10-year lease with 5-year break. It's the norm'.

Not with us it isn't. We've thrown the rulebook out of the window to create RETHINK, one of the most remarkable, tenant-focused leases in the industry, with EIGHT features.

ONE - Break clauses

Take a rolling break.

Does anyone really know exactly what their business will look like in 5 to 10 years' time? We don't claim to – so why should our tenants? Rather than a fixed date – after 5 years, for example – your break option can be on a rolling basis. Most refreshing.

TWO - Contraction or expansion

Tenant's partial surrender.

The industry rulebook says, 'all or nothing'. We say – let's identify a part of your demise at the start of the lease period that could be returned to the landlord. And if, in the future, you want or need to surrender part of your space, we'll do that. Equally if you want pre-emption rights on additional space, that can be discussed. Very rewarding.

THREE - Rent reviews

Rent review flexibility.

In our experience, every single tenant has different priorities and commercial pressures. We'll do everything we can to build a rent review that meets yours. Here's four options:

  • Fixed Increase: Total certainty for your financial planning.
  • RPI Tracked: Link it to inflation for effective zero increase.
  • Cap and Collar: A fixed minimum and a fixed maximum at future rent reviews.
  • Upward and Downward: If market rents go down, at future rent reviews your rent can go down too.

The cost impact of these options can be discussed once we know your preference. Remarkably flexible.

FOUR - Rent payment

Pay monthly if you prefer.

We know that three months' rent in advance has a massive impact on your cashflow. So, for a small premium, we offer a payable monthly in advance option. That's reassuring.

FIVE - Dilapidations

No end-of-lease shocks.

With a normal lease, you'll pay for all dilapidations at the end of your lease period. This is often a significant capital sum that has to be paid in one go. Sometimes it comes as a complete surprise to the tenant. With the RETHINK lease you have the option of including a dilapidation element to your rental payment. It's designed to reduce nasty surprises.

SIX - Service Charges

Fixed service charge.

With the option of a fixed or inclusive service charge contribution, your liability for unforeseen events such as major M&E repairs or refurbishments, can be limited and your costs fixed. So, relax.

SEVEN - Repairing Liability

Total cost certainty.

Do you feel as though you're playing Russian roulette with the big repair jobs? If the roof happens to go during your tenancy, you get the bill. Well not with the RETHINK lease. You cover internal repairs yourself, but for a small rental premium you are exempt from external repairs. You reap the benefits.

EIGHT - Capital Expenditure

We'll finance your fit-out.

If you'd like to reduce your up-front capital cost, we'll finance your fit-out for you. At Commercial Estates Group, we understand more than anyone the benefits of amortizing costs over a number of years. We'll manage and pay for your fit-out. You pay us back over the term of your lease. Rely on us.

NINE - The bottom line is flexibility

If these terms aren't for you, tell us what you're looking for. We regard a lease as a partnership.

We want your business to succeed in our space.

Does this seem too good to be true?

Pick up the phone. Call me or the relevant member of my team with any questions. We're ready to RETHINK your business.
Let's talk about how this could benefit your overall deal, in terms of both flexibility and cost.

  • JAMES SCOTT - Managing Director
    Tel: +44 (0) 20 7730 9090 - London
    Tel: +44 (0) 14 2387 5175 - Harrogate
    Email: james.scott@ceg.co.uk