Rent Review

For landlords and tenants, a rent review is an important lease event. The SFP Property approach is to mitigate the risk of disputes with detailed market research, thorough assessment of the lease terms and a formalised rent review timetable.

Where disputes do occur, negotiations are conducted in a firm, fair and professional manner to achieve the best possible outcome for the client.

Each instruction is handled by the surveyor with the most appropriate local expertise on current market transactions and rental levels to ensure that landlords receive a market income or that tenants pay a fair market rent.

The rent review process

A rent review is a contractual process, typically occurring every three to five years. SFP Property provides bespoke guidance to ensure that you are fully prepared and are in the best negotiating position.

This includes a thorough assessment of current market conditions, detailed analysis of the rent review provisions contained within the lease, and also includes consideration of:

• Specific improvements included or excluded from the review;
• The timetable for conducting the review, including deadlines for notices and counter notices;
• Accurate measurement of floor area;
• The options available for dispute resolution; and
• Interest charges and back rent for late settlement.

By engaging SFP Property early in the rent review process, our clients avoid the risks associated with last-minute assessments and missed deadlines, which result in financial loss for either the landlord or tenant.

Get in touch

For more information about our rent review service, send us a message through our online contact form or speak to one of our property consultants by calling 020 7538 2222.