Maughan Mitchell acted on behalf of the tenants of three adjoining retail units in the popular market town of Alresford, advising them in relation to rent reviews due under their respective leases.

The tenants, who included Wessex Pharmacies, Fitique and Sole Butchers (who had the same landlord) were served with potentially business crippling review notices proposing rental increases of 60-70%.

We carried out extensive research into transactional rental evidence and pieced together a comprehensive and accurate picture of rents in the area. Armed with this we engaged in detailed negotiations with the landlord’s agent and ultimately agreed much more modest increases of less than 20%.

We also took the opportunity to negotiate lease extensions on behalf of two of the tenants who were keen to preserve their future at the location and used this to leverage incentives from the landlord by deferring the rental increases on review by 12 months and agreeing rent free periods.

Wessex Pharmacies