We act on behalf of both landlords and tenants in lease renewal and rent review negotiations and occasionally act as mediators between the two.
Rental values are primarily assessed by reference to comparable transactions. Our depth of knowledge and first hand experience of local market conditions is essential to ensure the most favourable outcome.
Other factors materially affecting rents at review and renewal include:
- Measurement of floor areas
- Rent review patterns
- Repairing and service charge obligations
- Tenant’s improvements
- Restrictive covenants
Our appreciation of complex valuation principles, understanding of the legal aspects of leases and Landlord and Tenant law are vital. Where agreement is not possible by negotiation we are experienced in preparing and conducting cases for Independent Expert determinations, Arbitration, and court.