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Pre-Lease Acquisition Survey

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Understanding the liabilities over the term of a lease is often overlooked by potential Tenants whereas it is common for purchasers to instruct a detailed survey.

A Pre-Lease Acquisition Survey reports upon the condition of the building, immediate liabilities and expenditure required to enable the building to be occupied by the proposed Tenant identifies likely maintenance and component replacement expenditure during the proposed term of occupation and considers lease end obligations.

The Pre-Lease Acquisition Survey concludes by identifying items to be considered during lease negotiations and those which should, ideally be negotiated out of the lease. It is worthy of note that the solicitor drafting the lease may not have the opportunity to visit the premises and therefore this report can be a great advantage in achieving the correct lease terms to maximise the Tenant’s protection.

We have provided Pre-Lease Acquisition Survey & advice to a wide range of clients with great results, these include a potential Tenant saving £100,000+ over a five-year term.

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Senior Associate

John MacMillan
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