Staples needed to negotiate a lease claim with their landlord of the 24,000ft2 industrial building.
CS2 were instructed to act on behalf of the retailer to negotiate the head lease claim with the landlord and negotiate a counter claim with the sub-tenant. The sub-tenant’s repairing liability was limited by way of a detailed Schedule of Condition. The landlord tendered the works and the head lease claim was revised up to £325,000.00.
CS2 successfully negotiated Staples’ liability at £100,000.00, with the remainder passed on to the sub tenant.