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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

rent review

and

essential

to

success. It

is also

important

to

understand

in

considerable

detail

the

prevailing

evidence

when

arguments

compiling

your

and

presenting

your

comparable

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

maximise

the

prospects

for a

favourable

settlement.

The

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

one

of

the

key

points

to

be

addressed at an early stage.

The

(RICS)

and ISVA

Code

of

Measuring

Royal

Institution

Surveyors provide a

of

Chartered

a: 24 Old Burlington Street, Mayfair, London, W1S 3AW

www.adblondon.com

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

measured

unless

these

have

been

independently

professionally

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.

t: 020 7494 0377

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