A Rent Review event in a lease requires specialist advice. An insight into the complexity and diversity of work regarding Rent Reviews involve:
- Analysis of the Lease and Rent Review Clause
- Experience of lease structures and their implications at rent review and relevant case law
- Implement/Respond to Rent Review Notices
- Property inspection having regard to location, profile, adjoining occupiers and suitability for purpose in the market at the rent review date
- Property measurement in accordance with SCSI/RICS Measurement Practise Guidance
- Gathering and analysing comparable evidence with is of paramount importance and researching specialist reports indicating market trends, past results and economic factors and provide an opinion of rental value and a recommended strategy
- Engage in negotiations
- Introducing different approach methodology, if appropriate, in addition to negotiation skills and the art of persuasion
- When necessary, represent the client with written submissions and /or through third party appeal procedures determinable by Independent Expert / Arbitrators. This requires technical ability in the preparation of an effective Precis of Evidence / Counter Submission
- Document through execution of Memorandum of Rent Review
