Rent Reviews & Lease Renewals
We will provide you with expert advice on the necessary procedures for managing and making the most of rent reviews, referrals, renegotiations and more.
How can we help?
Occupa can help you negotiate new terms for your existing lease or rent review. It is only by being extensively involved in the market on a day to day basis and being intimately familiar with the procedures necessary, that this can be dealt with effectively.
It is vital that the rent of the accommodation occupied accurately reflects the market value for the premises. Naturally from a landlord’s point of view it is important to maximise this and from a tenant’s point of view, to minimise it. It is only by being extensively involved in the market on a day-to-day basis and being intimately familiar with the procedures necessary, that this can be dealt with effectively. Our consultant surveyor has in excess of forty years experience in this field.
Arbitration Or Independent Expert Referral
Whilst naturally it is hoped that in all cases an amicable settlement can be reached without a referral to a third surveyor, it is, nonetheless, something that we have dealt with on numerous occasions, either to an Arbitrator or an Independent Expert. There are subtle differences between the two and submissions on either basis must be dealt with accordingly. Our consultant is regularly appointed as Arbitrator and Independent Expert by The Dispute Resolution Service of the Royal Institution of Chartered Surveyors and therefore has considerable experience in this activity.
Unlike a rent review where just the issue of the rent is in dispute, there are other points that have to be resolved relating to length of lease, repairing obligations, break clauses, etc., etc. These are all matters which can have a considerable impact on the level of rent paid and it is important to be aware of the ramifications involved with this procedure.
It is important that the appropriate Notices are complied with and served in good time to protect the landlord’s or tenant’s position. Our consultant surveyor liaises fully with the appointed solicitors to ensure these dates are not overlooked.
Whilst most lease renewals can be settled amicably, should it be necessary to have the matter referred to a court for adjudication, our consultant surveyor is experienced in preparing Independent Expert’s reports and presenting the case clearly and precisely.
Very often, particularly where the lease is coming to an end, there are possibilities to renegotiate the lease on an advantageous basis, depending upon the circumstances and the nature of the accommodation. From both a landlord’s and tenant’s point of view it can, on occasion, be sensible to try and deal with the situation in advance of the lease expiring, thus protecting the value of the investment from a landlord’s perspective and ensuring consistency of occupancy from a tenant’s point of view.