Commercial Rent Reviews & Negotiation

Normally rent reviews occur every 5 years and within the rent review clause it would state ‘upward only’, i.e. it cannot fall at review.

In a recent example, the landlord quoted a rental at review of £140,000 per year. We measured the premises, researched the market and negotiated a rent of £92,000, thus saving our client a total of £240,000 over the next five years. You can see why it pays to take good advice!

Negotiating a rent review

A landlord usually quotes a figure higher than he expects to agree in both rent review and lease renewal situations. A tenant is well advised to take professional advice as the agreed rent will not only be affected by market evidence but also any unusual clauses held within the lease.

How the new rent is agreed

Agreeing the new rent should be done with a specialist from the outset, due to the possibility of litigation.

The rent is agreed by exploring recent market evidence of comparable premises and measuring and agreeing the floor area in accordance with the RICS code of measuring practice.

We would always seek to avoid legal intervention in a rent review due to the additional costs involved.

Rent negotiator in Clerkenwell, London

If you’re looking for an experienced commercial property surveyor to negotiate the rent for new business premises on your behalf, we would love to chat with you about your needs. We have built up a solid reputation across London and the South East over more than 30 years, particularly within the furniture industry, and we’re happy to show you new areas of London you may not have considered moving to.

We take pride in achieving the best deals for our clients, often saving them tens of thousands or even hundreds of thousands of pounds in rent – we know how to put pressure on commercial landlords where a property needs extensive renovations, we can negotiate to ensure you don’t get trapped with unfair lease terms. Above all, we know every little back street, arcade and industrial village in both the well-known, and lesser-known, commercial districts of London.