Property Occupier Rent Review
Do you have a rent review due in the next 18 months?
Rent review clauses are not intuitive to understand and much case law surrounds their interpretation, this is why it has become a specialism separate from agency.
WHAT WE DO
A great deal of uncertainty surrounds a rent review: you cannot walk away if you don’t like the result, so budgeting is an important part of what we do for many tenants.
A trusted understanding of valuation significant clauses and a robust application of current case law are the necessary tools needed to mitigate rent increases. We bring these to the negotiating table.
Ultimately you only have one lever to shift a landlord who is unreasonably holding out for a high rent, but it is a good one: applying for a 3rd party surveyor to weigh up both party’s valuations and decide the new rent means the landlord cannot side step the market reality. Preparing these valuations for third parties is a vital part of our work and we use our expertise in that area to challenge landlord’s to put together a coherent response. Usually that challenge is enough to get a sensible negotiated settlement.
WHY ALLSOP?
Your threat to take the matter to 3rd party is not credible until you have appointed a surveyor qualified to write an independent Expert Witness Report. Without that credibility the landlord will not negotiate seriously. It is common for landlords to have more expertise in negotiating rent reviews than tenants do and there is only one way to address that imbalance: get an expert rent review surveyor.
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Find out more about stages of the cycle below
- Acquisition
- Service Charge
- Rent Review
- Break Option
- The 'E' in ESG Compliance
- Check Business Rates
- Lease Renewal
- Lease End (Dilapidations) + Relocation