The Rent Review Specialist
Affordability - the big issue
17/11/2016
When a business tenant says they cannot afford more rent, often it’s not a genuine claim. Or not for the right reason. For further reading please visit LandlordZone
Rent-free period
01/11/2016
The idea of the full repairing (including decorating) lease is that when the tenant yields up the premises on expiry of the contractual term or sooner termination,…For further reading please visit LandlordZone
Long-dated Reversions
26/10/2016
A reversion is when the full (market) value of the property reverts to the interest of the superior landlord. An example of a long-dated reversion is …For further reading please visit LandlordZone
The Market v the Evidence
28/09/2016
To consider the property market as a whole or an umbrella term for its sectors and segments depends on the thinking and the nature of the property. Thinking about…For further reading, please visit LandlordZone.
No laughing matter
13/09/2016
Part I of the Landlord and Tenant Act 1987 gives residential tenant leaseholders in a mixed-user building (subject to qualifying criteria) the right of first refusal should the landlord want to sell. Normally, …For further reading, please visit LandlordZone.
Assessing Covenant Strength
09/09/2016
Assuming a commercial property is let already, the proposition an income-producing investment, the investor would be buying the building/property, not the tenant’s business. Since the…For further reading, please visit LandlordZone.
Interesting Commercial Property
31/08/2016
Now that the Bank of England Base Rate is at 0.25%, any prospect in the foreseeable future of a rise in interest rates for savers is remote. It therefore pays to look at other interest-producing investments…For further reading, please visit LandlordZone.
Misreading the signs
28/07/2016
Despite the future being naturally uncertain, we live in an age, fearful of change, when wanting or needing to know in advance what will happen has become a social norm. To know what will happen is… For further reading, please visit LandlordZone.
Smokescreen?
05/07/2016
With 3 institutions (so far) suspending dealings in their commercial property funds, the downside of investing in such funds has emerged. For further reading, please visit LandlordZone.
Uncertainty and Growth
30/06/2016
On the subject of Brexit – don’t say I didn’t warn you – http://www.landlordzone.co.uk/industry-expert-guest-writer/michael-lever/brexit-aftermath - we are now being told that businesses including but limited to property investors do not like uncertainty. That’s a myth, surely? For further reading, please visit LandlordZone.
Brexit aftermath
16/06/2016
I hesitated whether to contribute my tuppence-worth to this momentous occasion. Of the three taboo subjects – religion, sex, politics – that one is not supposed to talk about in polite society…For further reading, please visit LandlordZone.
The Ultimate Break Clause
09/06/2016
Let’s imagine you’ve bought a prime shop property let to a blue-chip multiple retailer on an institutional lease for term 20 years, with 5 yearly upward-only rent reviews to market rent and tenant break clause at year 15. The initial yield …For further reading, please visit LandlordZone.
Investment in Investment
26/05/2016
Commercial property, as with all types of property, is an illiquid asset whose highest value depends on the availability of a ready supply of credit. For further reading, please visit LandlordZone.
ITZA revisited
18/05/2016
I am revisiting ITZA in the light of an experience I am enduring concerning some tenants that are inexperienced of rent review. Tenant contention is that an ITZA adopted/agreed for a previous review should be used again for a current review. For further reading, please visit LandlordZone
Dispute Resolution Procedure at Rent Review - Calderbank offer
29/04/2016
Basically, what is known as a Calderbank offer is a ‘without prejudice;’ offer to settle a dispute to avoid the extra costs and associated risks of a full referral. From… For further reading, please visit LandlordZone.
No room for Doubt
29/04/2016
The stability of the commercial property market, indeed the property market as a whole, depends upon finance, the management of large amounts of money. Actually, it is not so much the stability that would not survive without regular injections, but the For further reading, please visit LandlordZone.
Talking up the Regions
29/03/2016
Of the nine regions in England, London region, the capital city, is dominant; next is South East that covers a much larger area but whose population exceeds London by only about 500,000; the other seven are what those in London and the South-East would regard, sometimes in derisory tone, as the provinces. For further reading, please visit LandlordZone.
Dispute Resolution Procedure at Rent Review
26/02/2016
At rent review, the phrase 'going to arbitration' is often bandied about during negotiations as a means for one party to get its own way. Whether or not the parties can agree the rent without involving the dispute resolution procedure, it is common for a represented or experienced party to invoke as a negotiating ploy. For whatever reason, it is important to understand what you are letting yourself in before taking the step or allowing the procedure to run its course. For further reading, please visit LandlordZone: click here
Susceptible to groupthink
25/02/2016
Commercial property has a reputation as a long-term hedge against inflation; a reputation that most investors take for granted. But not all property performs and increasingly more isn’t. A reflection partly of … For further reading, please visit LandlordZone, click here.
Lease non-renewal: Schedule of Dilapidations
29/01/2016
I have headed this article 'Lease non-renewal: Schedule of Dilapidations' because the law of repair is complicated, The parties’s rights during the currency of a lease, on expiry, and on non-renewal, differ… For further reading, please visit LandlordZone.
Truth will out
27/01/2016
Over the years, the growth in popularity of the property market reflects its consistency as a store of value. The value of an asset is only worth what a buyer is willing and able to pay for it. An asset doesn’t necessarily appreciate… For further reading, please visit LandlordZone.
Gambling on the future
15/01/2016
Whenever I count from numbers 1 to 10. I find it easier to count up, rather than down. If you don’t know already, try this for yourself: count from 1 to 10: do you find it easier to…For further reading, please visit LandlordZone.
Critical Thinking
14/01/2016
Ever since property started being thought of as a business, rather than a game – although why when one is not a full-time investor property should be thought of as a business is beyond me – the need for critical thinking has become more of a pre-requisite than ever before. For further reading, please visit LandlordZone