Because landlords prefer not to have empty premises, market conditions tend to favour tenants - so you should be in a strong negotiating position.

Your renegotiation strategy could include:

• A Rent Free Period: an impending lease break might allow you to negotiate a rent free period in lieu of not breaking the lease
• Favourable rent: if the lease is up for renewal, consider negotiating a rent reduction - what are your rights of renewal (many leases are protected)
• Refurbishment/redecoration: if the premises needs it, negotiate a 'deal' – explore the viability that the rent could be waived or reduced temporarily
• Limit your liabilities: if the lease terms relating to repair costs are onerous, negotiate - what better time to review your Dilapidations liabilities and secure more favourable terms. Is the building well run - should the service charge be capped

Your bargaining power is underpinned by an old adage "a tenant in situ is worth more than a vacant property."