Menu
Rent Review
Leases contain guidelines for the rent review, serving notices, agreeing the rent, resolving disputes, responsibility for costs, completing the process, and paying the new rent.
Generally, a rent review is to the market rent. Market rent is what the premises would fetch if available to let on the valuation date. However, when premises are let, the market cannot be tested, so the review process relies on surveyor-opinion including the interpretation of evidence.
With business premises, every lease is different. So is every landlord, every tenant, and every property. And so is everything else. For example: comparable evidence doesn't just mean rent, it includes all the terms and conditions of the tenancy and any associated documents. Valuation isn't only about what rents others have agreed: it also means comparing the type of premises, size, construction, use, layout, configuration, trading position, and so on. Furthermore, it's not only the wording of documents that can make a difference: changes in business tenancy law and new approaches to valuation can also affect the rent.
My comprehensive rent review service includes all aspects of procedure, from serving notices, inspecting the premises, gathering evidence, conducting negotiations, if need be 'going to arbitration’ finalising the memorandum and calculating back rent payable and any interest. With specialist help and advice at every step of the way.
To contact me, please email help@michaellever.co.uk or telephone 01531 631892
I look forward to helping you in some way.
Michael Lever
PS - For a good deal of free advice, please visit Research.