Commercial Valuations
We provide commercial property valuation services to individuals, companies, developers, funding institutions, property and pension funds, local and central governments, charities, trusts, and educational establishments.

We regularly provide commercial property valuation reports for various purposes including: freehold and leasehold interest valuations, portfolio analysis, development appraisals, acquisition and disposal, taxation, and compulsory purchase and compensation purposes. We also act as Expert Witness and provide expert evidence in commercial property valuation cases.

Our advice, appraisals and valuations are always based on current and objective market evidence. We are experienced in valuing different types and sizes of properties including: shops, offices, garages, loft spaces, land, gardens, schools, warehouses, hotels, restaurants, churches and surgeries.

Rent Review
We have considerable expertise of dealing with rent review cases. We undertake valuations to determine the current market rent and we undertake negotiations with the tenant or landlord or their representatives. We also make representations to third surveyors in instances where an amicable negotiated settlement cannot be reached.

Our initial report will include the current open market rent and it will have full regard to the terms of the lease together with any relevant licenses such as deeds of variations or licenses for alterations and improvements.

Our report will include advice on the appropriate timescales as well as our recommendation of the strategy to adopt. For instance, in a market where the rental levels are rising, the landlord may want to consider delaying the service of the rent review notice.

We utilize the comparable evidence and recent and historic transaction details on our vast internal database and other external databases that are at our disposal as well as case law to undertake our valuations and negotiations.

In instance where amicable settlements are not reached, we would recommend making applications for the appointment of and also make submissions to Independent Experts or Arbitrators as per the requirements of the lease.

On completion of the rent review process, we prepare the rent review memorandum to formally record the settlement.

Lease Renewals
The Landlord and Tenant Act 1954, Part II (as amended) provides security of tenure to tenants of business premises and a right of compensation at the end of the tenancy. The Act enables the tenancy to automatically continue upon the expiry of the term, requires a landlord who desires possession of the premises to establish one or more grounds stipulated in section 30 to the satisfaction of the Court, and it also provides the tenant with the right to apply for a new tenancy.

We have considerable expertise of dealing with lease renewal cases. We undertake valuations to determine the current market rent and we undertake negotiations with the tenant or landlord or their representatives. In instances where an amicable negotiated settlement cannot be reached, we would prepare and present oral and written evidence and submissions to the Courts regarding the lease renewal and interim rent. If appropriate and in order to save time and save costs we will assist in referring the rent decision and also make submissions to an Arbitrator or make use of the PACT service.

Our initial report will include the current open market rent and it will have full regard to the terms of the lease together with any relevant licenses such as deeds of variations or licenses for alterations and improvements.

Our report will include advice on the appropriate timescales as well as our recommendation of the strategy to adopt. For instance, if the current rent being paid is higher than the current open market rent, then it may be advantageous for the landlord to allow the tenant to continue to hold over at the existing higher rent as opposed to terminating the lease and initiating the lease renewal process. Consideration should always be given to renegotiating the terms of the new lease as opposed to allowing the new lease to continue on the same terms as the expiring lease. However, compensation may have to be paid to the affected party.

Opting out of the security provisions of the Act is possible but it grants the landlord with a considerable advantage as the tenant will not have the statutory right to remain in occupation upon expiry of the lease. At renewal stage, the tenant might have to accept the Landlord’s terms or vacate the premises.

We utilize the comparable evidence and recent and historic transaction details on our vast internal database and other external databases that are at our disposal as well as case law to undertake our valuations and negotiations.