Lease advisory
The lease event is the deadline. The decision starts earlier.
Most occupier leverage is created long before a renewal date arrives. Wayline works backwards from your lease events so the business is negotiating from a position it chose, not one imposed by the calendar.
Reviewed on
- Total occupancy cost, not headline rent
- Term, break and renewal mechanics
- Incentives, rent free and capital contributions
- Service charge, repair and reinstatement exposure
Lease events
Six decisions that arrive on a date.
- Renewal
- Test the incumbent option properly. Staying can be the right answer, but only when it has been priced against a live alternative.
- Break option
- Breaks are conditional. Notice periods, reinstatement and payment conditions decide whether the option is genuinely available.
- Expansion
- Take more space in the building, next door or elsewhere, weighed against the disruption of a move.
- Contraction
- Reduce footprint through surrender, sublet or restructure where the lease and the market allow it.
- Relocation
- Run the move as a comparison exercise: cost, people, access and operational continuity against the current position.
- Regear
- Reset term, rent and flexibility mid-lease when both sides have a reason to reopen the arrangement.
Working the numbers
Headline rent is the least useful figure in the deal.
Two options at the same quoted rent can differ substantially once usable area, incentives, service charge, fit-out liability and end-of-term obligations are counted. We model options on the same basis so the comparison is real.
- Net effective cost per year
- Usable area and efficiency
- Capital and fit-out exposure
- End-of-term liabilities
Timing
A working timetable for a lease event.
- 01
24 to 18 months out
Review the lease, confirm dates and conditions, set the strategy.
- 02
18 to 12 months out
Test the market so the incumbent option has a credible alternative.
- 03
12 to 6 months out
Negotiate in parallel: renewal terms and shortlisted alternatives.
- 04
6 months to completion
Document with legal counsel, then plan the transition.
Indicative sequencing only. Actual notice periods and conditions are set by your lease, and the documentation should be reviewed by qualified legal counsel.
Next step
Bring us the lease before the date decides for you.
Send the key dates and the current position. We will come back in writing on what the realistic options are and when each one needs to be triggered.