Rent reviews

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

Experts in rental valuation

What do we do?

Acting for either the landlord or tenant, we provide commercial rental valuations to determine the market value of a commercial premises to aid negotiations between landlord and tenant regarding rent reviews in commercial leases.

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 market rental value of the premises at the date of the review. 

We act and advise on

Commercial rent review valuations

Commercial rent review negotiations and disputes

Our service includes

  • Initial advice in respect of an upcoming rent review
  • Inspection of the property
  • Reporting the market rental value at the applicable valuation date
  • Negotiation with the other party (landlord or tenant)

For guidance on your individual options, please get in touch

CONTACT US

Commercial rent review FAQs

  • What is rental value?

    The rental value is the rent the landlord could reasonable expect to receive if the premises were leased to a third party, on similar terms to your lease.

  • What factors affect market rental value?

    The condition of the premises at the point the lease was signed, the use of the premises and general level of rents for similar premises in the area are the biggest factors. If the premises can be used for a variety of uses, the rent will be calculated as if the premises were used for their most valuable purpose. Improvements made to the premises during your tenancy will not be usually be taken into account provided they are agreed with the freeholder and documented. 

  • Who determines the new rent and when?

    Typically the landlord will inform you of the proposed new rent and the lease will usually specify how much notice must be given. If you feel the new rent is unreasonable, you can dispute it.  Kempton Carr Croft can represent you in order to establish a fair rent. 

  • What if the new rent can’t be agreed?

    If both parties can’t agree on a rate, there are established dispute resolution processes and arbitration systems in place. Most leases make provision for alternative dispute resolution (ADR) in rent reviews, meaning a third party can be appointed to assess and impose the new rent.

Our Team

Michael Darroch

BSc (Hons) MRICS

Chartered Surveyor & RICS Registered Valuer
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Ros Neal

BSc (Hons) MBA MRICS

Chartered Surveyor & RICS Registered Valuer
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Steven McCormack

BSc (Hons) MRICS

Chartered Surveyor & RICS Registered Valuer
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Get in touch