Greater London

Rent review and lease renewal surveyor — London

London evidence is plentiful and rarely straightforward. Zone A rates on the same street can differ sharply between the trading side and the shaded side, and incentive packages behind headline West End and City deals routinely disguise the effective rent by twenty per cent or more.

Written by Chris McGarrigle MRICS · Tenant side only

The law that applies here

Business tenancies here are governed by Part II of the Landlord and Tenant Act 1954. Unless the lease was contracted out, you have security of tenure: the tenancy continues after the contractual expiry date and can only be ended by a Section 25 notice from the landlord or a Section 26 request from you. Interim rent under Section 24A runs from the earliest date the notice could have specified.

Local market context

Prime West End retail has held up while secondary pitches have not, so a landlord quoting Oxford Street or Bond Street evidence against a unit two streets away needs testing hard on pitch, footfall and unit configuration.

The City and Docklands office markets remain sharply two-tier: fitted, well-rated space lets quickly at strong headlines with long rent frees, while older secondary floors need heavy incentives. Analysing to net effective rent is essential before any comparable means anything.

London hospitality rents are trade-driven, and delivery volumes, late licences and outside seating rights materially affect what a site can support.

Pitches and markets covered

  • West End — Oxford Street, Regent Street, Bond Street and the Covent Garden estate
  • City and Docklands offices
  • Shoreditch, Soho and Clerkenwell food and beverage
  • Suburban high streets and district centres across the Greater London boroughs

Specialist advice for London tenants

The detail of each subject sits on its own page: commercial rent reviews, lease renewals and commercial dilapidations, the landlord's Section 25 notice and the tenant's Section 26 request. This page covers what is specific to the London market.

End-of-lease claims in the capital are dealt with on the same tenant-only basis — see commercial dilapidations surveyor for schedules, quantified demands and the Section 18 cap.

Common questions

Do London rent reviews work differently?

The law is the same as elsewhere in England and Wales. What differs is the volume and complexity of evidence: incentive packages are larger, so analysing headline deals down to an effective rent matters more than almost anywhere else.

Can you act for a single London site?

Yes. Instructions range from one shop or restaurant through to national portfolios with London exposure. Initial advice on a lease, notice or schedule is free.

Relevant guides

Talk it through

Free initial advice on any London lease event.

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