Rent Reviews

Both the tenant and the landlord should take the following steps to prepare for the rent review:

Analysing the market

Both parties should ensure they’re familiar with the local commercial property market. Focus especially on premises that are in the local area, and which offer similar features (e.g. are a comparable size and condition).

Assessing finances

Although your financial situation shouldn’t directly affect the rent review, it’s a good idea to keep it in mind when you’re agreeing to a new rental rate. If the tenant can’t afford the new rate, then it might be time to look for new premises.

Considering improvements

If a landlord has made improvements to the property, then it’s likely that these will be factored into the rent review. If the tenant is the one that’s made the improvements, then the landlord may try to use them as a reason to raise the rent, which isn’t entirely fair. Always keep written records of any improvements that have been made, in case evidence needs to be produced during a dispute.

Keeping it swift (and painless)

If you’re well prepared for a rent review, the entire process could take as little as a month. This is beneficial for the landlord and the tenant. Do your research and gather relevant information before the rent review happens, not during.

We offer landlord and tenant negotiation services and can provide expert advice and guidance on to ensure everything runs smoothly reducing the likelihood of any disputes or ‘stalemate’ situations.

We have extensive experience in several local areas having completed work for both landlords and tenants in Sunbury, Weybridge, Hampton Hill, Hampton Court, Cobham, East and West Molesey, Hersham and Esher in recent years, such work has related to retail, office, warehouses and industrial properties.

Further afield we have advised clients in Fonthill and Amesbury ( Salisbury area ), offices in W6 and W8

We have also undertaken rent reviews on a portfolio of warehouse in Warrington , Bristol, Birmingham and Molesey.

Unusual instructions have involved new leases negotiations upon three linked railway arches in Stamford Brook and 23 wartime bunkers on Salisbury plain.