Commercial Rent Review and Leasehold Advisory Services
In the world of commercial property, rent reviews and leasehold advisory have taken on heightened importance. Amid rising costs and economic uncertainty, property owners, investors, and tenants alike are seeking ways to safeguard their interests and optimise outcomes.
At Terracotta Property, we are committed to offering clients informed guidance through every step of these complex processes.
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Commercial Rent Review and Leasehold Advisory
Commercial rent reviews are scheduled reassessments of the rent payable under a commercial lease, designed to keep rent levels aligned with current market conditions. Reviews are typically built into lease agreements and occur every three to five years. Whether you are a landlord seeking to increase rent in line with the market or a tenant wanting to ensure any increase is properly evidenced and fairly negotiated, independent advice from a RICS-registered valuer is essential. Leasehold advisory covers a broader range of issues including lease renewals, lease restructuring, rent negotiations and dispute resolution. With inflation, rising costs and a shifting regulatory environment all affecting the commercial property market, the stakes around lease negotiations have rarely been higher.
How We Can Help
We act for both landlords and tenants across all aspects of commercial rent review and leasehold advisory.
Rent Review Valuations
We carry out independent market valuations to establish the open market rent at the review date, providing a well-evidenced basis for negotiation whether you are the landlord or the tenant.
Rent Negotiation
We negotiate directly with the opposing party's surveyor to reach a fair and well-evidenced settlement, drawing on comparable rental evidence and current market conditions.
Lease Renewal Advisory
We advise tenants and landlords on lease renewals under the Landlord and Tenant Act 1954, including whether the Act applies, the options available and the most appropriate course of action.
Lease Restructuring
Where existing lease terms no longer suit a landlord or tenant's requirements, we advise on restructuring options including regears, surrenders and re-grants.
Dispute Resolution
Where rent review negotiations cannot be resolved by agreement, we support clients through third-party determination by an independent expert or arbitrator.
OUR APPROACH
We combine current rental market evidence with a thorough understanding of lease terms and regulatory requirements to give clients a clear, well-evidenced position going into any negotiation. We are direct in our advice and focused on outcomes, whether that means reaching a swift negotiated settlement or taking a dispute through to third-party determination. We act for both landlords and tenants and have no commercial interest in the outcome of any negotiation other than achieving the right result for our client.
Other Valuation Services
We provide valuations across a wide range of property types and purposes. Browse our other services below.
Commercial Property Valuations
RICS Red Book valuations for offices, retail, industrial and mixed-use assets.
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Compulsory Purchase
Expert valuation and compensation advice for landowners affected by compulsory purchase orders.
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Lease Extension and Freehold Enfranchisement
Specialist valuations for leaseholders and freeholders in extension and enfranchisement claims.
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Matrimonial
Independent valuations for divorce and separation proceedings, accepted by solicitors and courts.
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Tax, Probate and IHT
Valuations for inheritance tax, capital gains tax and probate, prepared to HMRC requirements.
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House of Multiple Occupancy
HMO valuations using the conversion uplift and income approaches, tailored to your requirements.
Find out moreDISCUSS YOUR RENT REVIEW OR LEASE ADVISORY REQUIREMENT
Whether you are approaching a rent review date, considering a lease renewal or dealing with a leasehold dispute, we are happy to have an initial conversation at no charge. Fill out the form and a member of our team will be in touch.