Grantham Commercial Tender

7.3

Lease Renewals

Where no uplift in rent is achieved 5% of the annual rent agreed. Where an uplift in rent is achieved 7.5% of the revised annual rent agreed plus where it is necessary to refer the matter to Court for a resolution a fee based on an hourly rate for the preparation the landlord’s case and prove of evidence.

7.4

Lettings

10% of the headline rent agreed plus any disbursements incurred during the marketing process. The marketing budget and associated disbursements will be clearly set out to you in respect of each letting prior to any costs being incurred.

7.5

Dilapidations

A fee based on an hourly rate for preparing and serving interim internal schedules of dilapidations and negotiating settlement with the tenant (note: such fees are normally recoverable from the tenant).

7.6

Tenant’s Requests

A fee based on an hourly rate for the time involved in dealing with tenant’s requests for alterations, assigns etc. However, please note that such fees are normally recoverable from the tenant. To be clear, dealing with general day to day tenant enquires is included within the rent collection fee as shown above.

Signed: ……………………………………………………………….. Sarah Pettefar MA Cantab MRICS FCIArb

For and on behalf of Brown & CO – Property & Business Consultants LLP

Dated: ………………………………………………………………...

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