Lettings

Hollis Hockley enjoys very strong representation handling commercial instructions of office and industrial properties on the M3 corridor and surrounding areas. Specifically, our regional expertise covers the Blackwater Valley towns (Camberley, Frimley, Farnborough, Fleet, Aldershot and Farnham) together with Basingstoke, Hook, Alton, Andover, Winchester and environs.

Our lettings service includes:

  • Meeting to understand the brief and to discuss the instruction in detail
  • Inspecting and reporting on the property setting out recommendations for a marketing strategy
  • Marketing advice includes recommendations as to initiatives, media, budgeting and compliance standards
  • Advice on recommended terms, incentives and timing given prevailing demand and supply conditions
  • Following receipt of formal appointment implementing the marketing strategy
  • Undertaking accompanied viewings throughout the period of instruction
  • Reporting interest levels on a frequent basis
  • Investigating company and prospective occupiers financial status
  • Negotiating with interested parties to secure agreement on acceptable terms
  • Drafting agreed Heads of Terms to facilitate the appointment of lawyers

FAQs

What is the difference between Full Repairing and Internal Repairing lease?

A Full Repairing and Insuring lease commitment is one in which the Tenant is responsible for the entire/whole cost of repairing, maintaining and insuring the property, typical of a single occupancy.

An Internal Repairing lease is one in which all or some internal (but not external) repairs are the responsibility of the Tenant, typical of a building in multiple occupation. The extent to which external repairs are the responsibility of the Tenant depending on the wording of the lease, is often encapsulated within a service charge clause, which will incorporate the cost of those common parts of the building shared with others.

What is the occupancy ratio?

This is dependent on the type and operational requirements of the occupier. However, as a guide, a typical office occupier with requirements for open plan areas, separate meeting rooms and a reception area can be expected to have an occupier ratio of 1 person per 80-100 sq ft.

What is the parking ratio?

The parking ratio is the relationship between the number of car parking spaces and the rentable area (sq ft / sq m) within a building(s).

What is the difference between assignment and subletting?

An assignment is the transfer of a property interest, typically a lease, from one party to another

A sublease is held from an intermediary landlord who holds a superior interest in the premises

Do I need a Energy Performance Certificate?

In almost all instances where there is an element of mechanical oil, gas or electric heating in the premises, an Energy Performance Certificate (EPC) will be legally required as part of the marketing literature, prior to the implementation of a marketing campaign.

What is the notice period for the operation of a break option?

This is negotiable, but a typical 10 year lease commitment incorporating a tenant break option at the expiry of the 5th year, would normally contain a provision for a minimum 6 months prior notice to be served in writing.