Valuation and Lease Advisory

Whether you are a landlord or tenant, we can advise you throughout the rent review process. Assessments are made to provide you with guidance on the appropriate level of rent.

We will normally carry out an initial rental assessment to provide you with our opinion of the level of rent which should apply, with regards to the terms of your lease and comparable transactional evidence.

Depending on the outcome of our initial assessment and following further instruction, we can act on your behalf and negotiate with the other party to ensure agreement of a favourable rental settlement. The collation of rental evidence and the understanding of the detail of each transaction is key, as this can be the main point of contention if the matter proceeds to court.

A lease renewal is carried out when a lease is either coming to an end, or has already expired.

Terms of the new lease will need to be negotiated and the transaction may involve providing notices, in accordance with the Landlord & Tenant Act. It can be complex and involve strategic management depending on whether the current passing rent is higher or lower than the market rent.

There are specific time scales and dates which need to be adhered to during the process. Tenants may benefit from security of tenure which means a lease will not come to an end with effluxion of time and will need to be dealt with formally. This can be a good opportunity to renegotiate lease terms and specific clauses.

Local market knowledge and understanding of the finest of details of comparable transactions is key in successful lease negotiations and rent reviews. We provide strategic expert advice, ensuring the process is managed efficiently to achieve the best results for our clients. Our support can save costs for tenants, or generate a greater rental income and security for landlords. Bradley Hall’s Valuation & Lease Advisory team has comprehensive knowledge of the Landlord and Tenant Act statute and case law, and of the rights of landlords and tenants, so that our clients are correctly advised both before and during negotiations.