Rent Reviews are an important element of asset management as they ensure continual investment growth. We would recommend that you start to consider Rent Reviews a minimum of six months before the review date to be sure that you are setting evidence and not following others.
It is essential to ensure that you employ a suitable agent to deal with your upcoming Rent Review and we have the resources to carry out Rent Reviews in Mainland UK and both Northern and Southern Ireland.
In the current economic climate it is important to commence lease renewal discussions as early as possible to ensure you are able to plan for the future. The downturn in the market and the high vacancy rates within the commercial market have swung the balance of power towards the tenant.
We are able to offer advice on all aspects of lease renewal from serving notice on tenants, negotiating new terms and liasing with solicitors to ensure a swift completion of the new lease.
With a downturn in Investment Property values we have found that a good way to maintain or increase values is to regear existing leases with tenants.
We have been successful in persuading tenants to extend leases by offering incentives such as short rent free periods or stepped rents over the period of the new lease.