£525,000 Claim Settled at £15,000

CLIENT BRIEF

We were instructed by “a leading firm of Holborn based solicitors”, which was relocating from leasehold premises after 30 years of occupation. The accommodation totaled approximately 14,000 sq ft on three floors. Issues in the case: 1) Five separate leases. 2) Accommodation spread over three floors. 3) Multiple licenses to alter. 4) Unauthorized alterations. 5) Client decision not to complete works prior to lease termination 6) Landlord claiming approximately £0.5m in respect of cost

OUR PROFESSIONAL APPOACH

Forensic examination of the legal documentation and the client’s own records. Detailed photographic schedule of condition prepared on the last day of the leases.

Detailed application of the law relating to dilapidations and reinstatement of alterations. Research of the landlords VAT status. Interrogation of the landlord’s intention for the property. Crucial diminution valuation advice given – very specialist and professional.

THE SUCCESS STORY

There was a huge saving of £500,000 as specialist negotiation tools and experience was applied. A dilapidations specialist on behalf of the client managed the issues and the fees were all paid from savings: result – VERY HAPPY CLIENTS (off the record and without prejudice of course!)