Rent
Review
At rent
review, the outcome depends on the terms and conditions of
the lease, and any associated documents.
Leases contain guidelines for operating the review,
agreeing the rent and resolving disputes. Generally, rent
is based on the market rent, the comparable evidence of
premises nearby.
However, because there is no standard lease in use
generally, guidelines can vary. Terminology can be
obsolete. Each landlord and tenant is different, psychology
plays a part. Every shop is different, valuation
adjustments must be made. So, because business tenancy law
and valuation work both ways, the landlord, or the tenant,
is often in a stronger position.
Faced with a hefty proposal, tenants may think the outcome
will be a foregone conclusion, but that's not true. A
different interpretation of a word or subtle phrase can
often result in a considerable saving.
To contact me, please telephone
01531 631892 or
email help@michaellever.co.uk
Michael
Lever
