Commercial rent reviews

We provide market rental valuations to assist in negotiations between landlord and tenant regarding rent reviews in commercial leases.

The expert knowledge you need with the personal service you expect

Commercial Rent Reviews

 

What do we do?

Our RICS regulated Chartered Surveyors determine the value of a site or building in the current market place in accordance with the RICS red book standards at the point of lease break or expiry to aid negotiation between landlord and tenant.

 

We assess all kinds of commercial property including retail, offices, mixed use and industrial to provide our considered opinion of its value. 

 

Rent reviews allow the rent on a commercial property to be adjusted in line with the current market value over the course of the tenancy. Rent reviews typically occur every three to five years in a commercial lease but the rent review clause in the lease terms will set out when each review will take place.

The basis on which the rent will be determined will be specified in the lease agreement and is usually the open market rental value’ of the premises at the date of the rent review but some leases will link the new rent to the increase in the retail price index instead

We will provide a detailed, evidence based report that provides our opinion of the value of the property in question.

 

Turnaround 

We aim to turn reports around within seven days of inspection and you will be able to talk directly to the surveyor working on your behalf should you have any questions when you receive your report.

For guidance on your individual options, please get in touch

CONTACT US

Frequently asked questions about rent reviews

How much does a rent review cost?

The exact cost will depend on a number of factors including the size, location and age of the property.

We cannot give you an exact quote until you have confirmed the property inspection address as every property is different. The professional fees payable will always reflect the particular requirements of your property and the time which it is anticipated will be devoted to the matter. 

Get a quote 

 

What is covered in a rent review?

  • Initial advice in respect of an upcoming rent review
  • A thorough inspection of all accessible areas of the property (if an inspection is required)
  • Reporting the market rental value at the applicable valuation date
  • Negotiation with the other party (landlord or tenant)

 

Why do valuations differ between Surveyors?

Different Registered Valuers may provide different opinions of value because a valuation is an evidence based opinion with an element of subjectivity. When disagreements in value occur, courts are asked to decide if a value is correct but provided the valuation has been conducted in accordance with the RICS red Book (where best practice guidelines are set out by the regulatory body for Chartered Surveyors) an opinion of value cannot be ‘wrong’, as long as it is within reasonable tolerances of the court’s opinion of value. This tolerance is usually up to 10% over or under the original valuation. Consumers should hire a Chartered Surveyor with professional indemnity insurance to provide the confidence that the opinion of value can be relied upon subject to any qualifications in the valuation document.

 

Do you conduct commercial building surveys in my area?

Kempton Carr Croft’s Chartered Surveyors regularly complete commercial building surveys throughout London and the whole of the South East of England. The team works from offices in Basingstoke, Camberley, Gerrards Cross, Maidenhead, London, Reading, Staines and Windsor.

Helpful and proactive commercial agency

Whilst looking to purchase an industrial building to develop in Reading, we were pleasantly surprised that such a helpful, proactive commercial agency existed, thank you Kempton Carr Croft for your assistance.

Ryan W

Extremely happy with the service

Extremely happy with the service received from Mitchell at KCC and happy to see their growing footprint in our local area. Mitch pushed our latest deal through against a lot of blockers and despite other parties taking their eye off the ball. Above and beyond on this one – thanks, Mitch! On the previous property he also found us an excellent tenant, who pays on time, every time and causes no fuss at all.

Chris Head

Absolutely superb

Mitchell was absolutely superb in helping us to find our new premises, and then to negotiate a great deal with the landlord’s agent. He spent time understanding our requirements and made proposals and recommendations that were totally aligned. His advice was sound, and he was responsive to all our queries. I cannot recommend him and Kempton Car Croft more. We really enjoyed working with him.

Alan Kittle

I struck gold

Our long standing client Helen White has shared her feedback of how we have provided property solutions that helped to grow and manage her successful investment property portfolio:

“I struck gold when I got Kempton Carr Croft on board. A million thanks for all that you do for me.”

Kempton Carr Croft have been an integral part of helping me to build my property portfolio. I was able to instruct them very early on in my property venture and outlined what I hoped to achieve in terms of my property assets.

After an in-depth meeting with two of their surveyors they were able to provide me with advice relating to owning properties for investment purposes, as well as the detail and potential difficulties of managing properties. They were keen for me to understand all aspects of the process, from choosing the correct properties to purchase, to the best way to let and manage them.

Kempton Carr Croft undertook detailed building surveys on a number of properties for me and not only advised me on the buildings themselves, but also their suitability for letting and rental income. In fact, there were a number of properties that I did not purchase due to the advice received from Kempton Carr Croft. This enabled me to reduce the potential risks involved and to buy properties that both myself and Kempton Carr Croft were confident with.

Kempton Carr Croft now manage my property portfolio. They deal with every aspect of the process, from Lettings, to dealing with urgent and planned repairs. They liaise directly with my tenants, handle all deposits and other monies, and account to me regularly.

Their building surveying department works alongside their property management department, meaning that some maintenance issues have been resolved by them in-house rather than the need to employ additional services.

I could not manage this business without the amazing support that Kempton Carr Croft give to me. I had thought in the beginning that I might have been able to handle the workload myself but it soon became clear that it was time consuming and complicated and needed specialist management.

Everyone in the property management team is first class in the services that they provide to me and nothing is too much trouble. We have had a couple of crisis situations and on-going insurance issues and I have felt relieved and relaxed in the knowledge that Kempton Carr had all matters in hand.

They are a lovely friendly team, easy to work with and communicate effectively with me all on necessary things. I cannot recommend them highly enough.

Helen White, Berkshire