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15 days ago
Are you looking for expert advice on a review of your rent?
We specialise in negotiating rent reviews and lease renewals on shops, offices, restaurants, and industrial premises in the East Anglia Region.
Rent Reviews are the periodic adjustment of commercial rents to the current market level at the date of review. They take place at the intervals agreed in the Rent Review clause set out in the commercial lease, usually between every three to five years.
The review clause will also specify the method of review together with the assumptions and disregards to be made when valuing the premises for the purposes of the rent review.
Establishing the “Market Rent” is based on numerous factors including the size and type of property, the terms of the lease and the comparable evidence available at the time of the review. In this respect it is crucially important that the transactional evidence is analysed correctly with appropriate adjustments to reflect the differences between the comparable evidence and the subject unit. Our knowledge, experience and negotiating skills are therefore crucially important and the failure to be professionally represented can result in a significant financial loss.
With over 40 years experience in this field you can be assured we will achieve the best possible result on your behalf.