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Commercial Property Management

Commercial Management
Our professional team manages all types of commercial premises throughout London and the South East for a wide variety of corporate and private clients. Willmotts Commercial, offer bespoke property management system facilitates the efficient management of the properties and enables us to keep our clients fully informed. We offer advice on investment, disposal, refurbishment and redevelopment opportunities and our hands-on approach ensures no opportunities are missed so that we can deal with them to the best advantage of our clients. The department provides the following services:

Building Management
Our team of experienced property professionals undertake the day-to-day running of commercial premises providing smooth, “hands free” services for our clients.
Our current management portfolio includes a variety of properties for which we oversee the rent collection, maintenance and administration of services for single and multi-tenanted buildings.
Ours services include:

• Rent collecting  and rent arrears recovery.
• Insurance demands.
• Regular inspections to ensure lease and statutory compliance.
• Dealing with applications to assign, underlet or to make alterations.
• Negotiate lease surrenders.
• Supervision of maintenance contracts and works.
• Monitoring Health and Safety, Fire Risk assessments & Asbestos Management.
• Service charge accounting.
• Reconciling / certifying expenditure at year-end.

Lease Renewals
We provide a lease renewal service for clients and have extensive knowledge of rental tones particularly in West London. We are therefore well poised to efficiently negotiate appropriate lease terms on the basis of client’s objectives and needs. Our lease renewal service can provide our clients with the following:

• Comprehensive strategic advice
• Full report on market rental value
• Condition report(Schedule of Dilapidations) for the property
• Negotiate terms with relevant parties or surveyors
• Dispute resolution advise and representation
• Liaising with solicitors to see the renewal through to completion

The circumstances of the client, their future plans for the property and market conditions will dictate how the lease renewal is dealt with, but in most cases, our involvement starts with a comprehensive report on rental value and the options available on renewal. Our report would highlight any obvious defects within the property and advise on further professional opinion if required. We work closely with our building surveying department to provide efficient and professional structural advice.

Rent Reviews
We provide advice to landlords and tenants across all sectors of commercial property when rent reviews occur in their commercial lease:

• Attention is given to understand the clients’ needs before acting followed by,
• Reporting on the property and discussing the strategy in order to effect the best way forward.
• Serving appropriate notices or acting upon notices served on behalf of clients.
• By using our local knowledge, gathering market comparables, expertise of the commercial markets and technical points, we seek through negotiation to reach agreement with the opposing party.
• Understanding leases and terms is imperative as these affect rental value.  
• We strive to negotiate a settlement but when unable to do so we are able act on behalf of clients when proceeding to third party to conclude the matter.

Asset Management
The retention and creation of value is key to the performance of the portfolios we manage. On behalf of clients we manage a diverse portfolio of retail, offices, mixed use and industrial investments around the UK. The team, led by Shahid Sadiq and Simon Hanton, has a keen eye for executing successful strategies to optimise our client’s assets.  Central to this is understanding and aligning our clients' investment requirements with a capital and income enhancing plan. We therefore focus on developing a solid working relationship with occupiers, maintaining a well-oiled maintenance and management team and an in-depth knowledge of occupational and investment markets.

We seek opportunities to optimise lease terms mid tenancy and advise on restructuring leases with the aim of enhancing the value of our client’s interest in a changing business environment. Furthermore, we provide advice on lease extensions, tenant mix, rent changes, rent free options or refitting contributions.

Simon Hanton | Director, BSc, FRICS | 020 8222 9915 |