Project summary
- Enter into lease renewal discussions with the Telecoms Operator.
- To review heads of terms ready for legal drafting.
Solution
- Negotiate appropriate heads of terms for the lease renewal in the context of the ECC.
- Coverage of agents and legal fees.
- Appropriate indemnity and insurance levels.
- No network assumption' valuation.
Benefits
- Client benefitted from an uplift in rent from the Operators initial approach.
- Detailed heads of terms for easy legal drafting through solicitors.
- A landlord redevelopment clause was included for future permitted development plans.
- Client benefitted from coverage of agent and legal fees from the Operator.
