ADB | RENT REVIEWS |
"A professional approach with exactly the results we need"
may also forthcoming have in the reviews term. other their provide a rent near with Working together and/or occupiers representatives can formidable resource.
IDC UK Ltd.
Typically, it is appropriate to contact all local companies with similar premises to establish what opportunities may be available.
market research & analysis
This should be considered as the major time consuming task of any
case to the landlord. Rent review surveyors all too often plunge directly into negotiations at an overly high or overly low rent, depending upon which side they are representing, and undertake their research later during the review process. The representative that is the first to provide comprehensive and well
researched often has
comparable evidence the opportunity to
opposition often merely review the evidence submitted to them and forgo the spadework themselves.
understanding the premises
The floor area of the accommodation to be reviewed is
addressed at an early stage.
Surveyors provide a
a: 24 Old Burlington Street, Mayfair, London, W1S 3AW
Practice setting out the basis to adopt for different categories of property.
Many tenants assume that the floor area will be specified in their lease. This is, however, rarely the case. Even if it is, this should still
not be relied upon. many circumstances
There are where we
have represented a tenant in a building that has turned out to be somewhat smaller than defined in the lease.
Typically, offices are measured on a net internal area basis calculated by reference to the Revised Code of Measuring Practice issued by the RICS and ISVA.
Shops are also measured on a net internal area basis but with an
ITZA (Zone A) reflecting frontage,
adjustment depth and
different zones of the property.
Industrial and warehouse premises are typically let on a gross external basis but reviewed and valued on a gross internal area basis.
Floor areas are often the source of dispute at review and it is important that these are carefully
checked. It to rely upon
is also important not floor areas previously
referenced but this is rare for the majority.
repairs & improvements
Most leases typically provide for tenant improvements to be disregarded but this is not implicit and even if expressly stated, there can be exceptions.
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