The wording of your commercial lease will determine how and when your rent is reviewed, so it’s important to rely on expert advice and strong negotiating skills when you embark on a new commercial lease transaction. This way you’ll ensure you avoid any unexpected increases as a tenant or, in the case of landlord, potential challenges to your proposed changes.

Commercial rent reviews traditionally take place every three to five years and will be based on various methods – most commonly, an open-market assessment will determine the property’s current market value. Alternatively, a review may be based on business turnover or a periodic review may base any changes according to the intervals set out in your lease document and will usually fall in line with Retail Price Index (RPI) fluctuations.

Trinity Rose Chartered Surveyors act for both landlords and tenants in valuing, assessing and collating market evidence to support or defend a proposed change in a commercial rent. Appointing a team of experts to ensure you get a fair deal should be your first step when it comes to rent review negotiations.