Issue K. Properties represents both landlords and tenants on rent reviews and lease renewals for various types of commercial premises.
Our commercial landlord & tenant service includes: advice on property rental values; obtaining relevant comparable information through research and investigation providing a report outlining our opinions and advice; representation in negotiations for lease renewals and rent reviews; and acting as arbitrators or independent experts in conjunction with lawyers if the matters are taken to court.
Modern commercial leases usually provide for rent reviews at regular intervals, often every five years and in an upwards direction only. Our commercial lease advisory service normally includes providing impartial advice on the rental value of the premises at the valuation date. We then inspect the property and carry out all comparable research to understand the market value. Finally, we provide a comprehensive report to the client, outlining our opinion of rental value and our advice for the negotiations.