RENT REVIEWS

If you’ve ever signed a commercial lease agreement, whether as a landlord or tenant, you’ll know that rent reviews are part and parcel of renting commercial premises.

A rent review is a means of evaluating and adjusting the level of rent that’s being paid and, when a change of circumstances or market values arise, they’ll almost inevitably mean an increase in the level of rent that a tenant will pay.

Trinity Rose Chartered Surveyors’ teams are experts in rent review assessments and trusted support for landlords and tenants – contact us if you are proposing changes to the rent you charge or want to defend yourself against an increase.

Our team of experts will ensure you get a fair deal when it comes to rent reviews and negotiations

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.

To get expert guidance and support from Trinity Rose Chartered Surveyors’ rent reviews specialists, please contact us.