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New Lease

Owners

We can provide owners with a rental market valuation before a property is advertised for lease. This can help to set a reasonable asking rent and avoid a lengthy marketing period.

Intending Lessees

We can provide rental valuations for intending lessees when a new lease is to be entered into for a particular property. We analyse recent transactions as the main basis for the valuation. However current offerings are also considered. Not only could a rental valuation lead to significant occupancy cost savings over the lease term, it may also identify other suitable properties available. This saves clients from investigating all of the available properties of interest.

Commercial Property Market Rental Reviews

An existing lease may incorporate a market rent review clause. In such circumstances we can offer expert advice to ensure a fair rent is calculated with due and proper regard for current market conditions according to the terms of the lease.

Paying no more than market value is critical to the longevity of any lease.

Variations to Lease

We can also be of service when a lease needs to be varied.

Rental Determinations

It must be remembered that this is the point at which it is possible to obtain a fair market rental determination and avoid any further conflict.

Because the determination is binding on the Lessor and Lessee it must be accurate and formed with a sound basis or it could lead to litigation. Even when a party is successful in their legal pursuits, avoiding court and maintaining the lease would usually be preferable.