Landlord and tenant
A poorly drafted lease can erode the value and ability to control a freehold asset. Conversely an overly restrictive lease can reduce a tenant’s flexibility and ability to control costs during the lease term. Penningtons Manches Cooper’s real estate team acts for both institutional landlords and corporate tenants and knows how to strike the balance between market conditions, commercial reality, legislation and current case law.
A holistic approach for real estate stakeholders
For landlords, effective property portfolio management is crucial to protect the value of an asset. Our aim is to ensure that landlords’ interests are safeguarded in all letting documentation. We help asset managers to operate their portfolios efficiently, using our interactive technology to manage key dates and provide intuitive instructions.
Our team handles every stage of the lease process, from inputting into the negotiation of heads of terms to completing an institutionally acceptable suite of lease documents. We deal with both contentious and non-contentious 1954 renewals and advise on opposing a renewal request or a compromise renewal with a landlord development break. Our lawyers are also very used to dealing with telecommunication lettings and renewals, under the code or otherwise.


When it comes to disagreements, our real estate disputes team is well versed in advising on service charge disputes, while our construction team addresses building safety or contractor issues. For mixed-use portfolios, we ensure compliance with landlord and tenant legislation including whether statutory notices should be served for any residential elements.
For tenants, we represent a diverse range of occupiers, including banks, corporates, technology companies, life science businesses, medical practitioners, retailers, restaurateurs, and other leisure companies seeking business premises. Our professional network is extensive and we can make appropriate introductions and collaborate as needed during the documentation of any new letting.
They have a full-service offering and are a national powerhouse. They take the time to understand the client’s business.
When advising tenants, our goal is to meet operational deadlines, securing occupation, and ensure the fit-out process (including the wayleave process) aligns with the target trading date. Often, this includes documenting a managed exit from the current premises, ensuring a sufficient overlap but with the control of termination resting with the tenant.
Timeframes are of course sometimes missed for reasons outside the legal framework. Our team is adept at agreeing sensible, quick temporary measures to ensure business continuity and documenting the consequences of missed target dates and associated costs. Our project, development and construction team is experienced in documenting professional appointments, warranties and agreeing liquidated and ascertained damages as compensation for specific breaches to cover for all eventualities.
Our holistic approach addresses all aspects of property management and development, providing clients with the confidence that their projects will be completed on time and within budget, or with clear consequences if they are missed.
How we help our clients
Confidentiality (non-disclosure agreements)
Assignment and underletting
Dilapidations and tenancy disputes
Landlord and Tenant Act renewals
Leases and tenancies
Rent reviews
Service charges
Uninsured damage
What our clients are saying
The firm has first-class knowledge and the ability to be commercial and strategic. Penningtons Manches Cooper gives us high-quality guidance.
Penningtons Manches Cooper are always very responsive and their service is second to none… The team’s commitment to providing timely and effective legal support is truly commendable.
It is an experienced and enthusiastic team… They are very responsive. I can’t think of a time when I have had to chase them, and they always try to add value.
Penningtons highlights and advises on the commercial implications of any aspects of the agreements at hand, while being pragmatic in order to meet the client’s deadlines.
There’s a genuine commitment and willingness to ensure the best solution and outcome for their client.
Recent work highlights
Multi-tenant asset management
Diverse retail asset management
Multi-tenant business park
Film studios site expansion
Cross-border corporate sale
Complete estate advisory
Retail park leasing and redevelopment
Complex tenant requirements
London-based global headquarters
Lease conditional on works
Portfolio management and sale
Retail tenant property matters
Retail park leasing and redevelopment
Complex tenant requirements
London-based global headquarters
Lease conditional on works
Portfolio management and sale
Retail tenant property matters
Contacts
Contact us
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