We understand that your lease can be a burden round your neck and can not only hamper your growth, but also potentially cause serious financial implications for the future of your company.
In this way, DeVono understand that mitigating this liability could be the most important process you go through. Coupled with a potential acquisition, without disposing of your space, this could mean a significant period of double overheads. Therefore we appreciate that every day that passes has a negative financial impact on your business.
We calculate what one extra month’s rent free means in relation to this and we can advise on the correct rental level and the timescales in which you should expect a letting to proceed.
In any disposal via a sub-lease or assignment, the consent of the landlord will be needed and they will also be looking to protect the asset value of their building, hence creative solutions are required to get that consent, especially as the lease itself is a diminishing asset in most situations.