Rent Reviews
Rent reviews require the landlord and the tenant to agree
the ‘market rental value’ for the property which
sounds straightforward enough, particularly if a similar property
nearby has recently let in the open market, but in reality
negotiating the successful outcome to a rent review is more
complex as the terms of individual leases can have a significant
affect upon value.
Bowyer Bryce specialise in industrial/warehouse, office and
retail property and our qualified professional surveyors have
expert knowledge of these markets, supported by an extensive
database of transactions. We also have detailed knowledge
of landlord & tenant legislation and rent review case
law that is essential for analysing and properly interpreting
market transactions and applying this experience to achieve
the best results for our client, whether as a landlord or
as a tenant.
We frequently prepare Expert Reports for submission to Independent
Experts and Arbitrators.
In a recent Arbitration, where acting for a tenant, our surveyor
successfully argued a 25% reduction in rental value simply
as a result of the use and interpretation of the word ‘and’
in the user clause of a lease. The result – a nominal
increase in rent for our very satisfied client!
Landlords and tenants should seek advice at an early stage,
well before the rent review date, as thorough preparation
is key to a successful strategy and result.
Contact:
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