ALFA CAPITAL MARKETS
CLIENT BRIEFAlfa Capital Markets is an international investment banking business, based in London, dealing with a broad range of securities transactions in the UK’s financial markets. Prior to the termination…
CLIENT BRIEFAlfa Capital Markets is an international investment banking business, based in London, dealing with a broad range of securities transactions in the UK’s financial markets.
Prior to the termination of the lease, the landlord served a schedule of dilapidations on Alfa Capital Market for repairs and reinstatement of the offices. ACM appointed ask-re to review the claim and negotiate a settlement with the landlord.
OUR PROFESSIONAL APPROACHOur starting point was to review the lease and all other legal documents to ascertain the actual extent of our clients liability, we then inspected the remises and reviewed the schedule of dilapidations.
A thorough check of planning applications revealed that the landlord intended to redevelop the site.
Negotiations on which works and repairs would be superseded by the redevelopment were undertaken to ensure that ACM were liable for only the specific items in their lease.
Each item in the schedule of dilapidations had been costed and we review each of these costs to negotiate a more reasonable settlement.
Associated costs claim by the Landlord were also vigorously negotiated to ensure our client only paid for items for which they were liable under their lease.
THE SUCCESS STORYThe result of these extensive negotiations was the landlord agreeing a settlement of £5,500 - a saving of over £50,000 from the original claim.