The Bradley Hall Valuations & Lease Advisory team recently received received an official ‘Outstanding’ rating from RICS for its valuation services. The official report outlined that multiple compliance standards were met to a high level, and robust systems are in place to ensure adequate supervision at Director level for all valuation cases.
Bradley Hall covers the whole of the North of England and our team is able to respond swiftly in order to meet the required deadlines. Our team of experienced RICS Registered Valuers is able to advise on residential, retail, offices, industrial and development sites, either individually or as part of a portfolio. Valuations
Valuations are carried out using our extensive knowledge and access to up-to-date comparable data to provide assurance and confidence to our clients.
Our expertise has seen us appointed onto the panel of several major institutional lenders, including Barclays Bank plc, Lloyds Bank plc, Yorkshire Bank and Svenska Handelsbanken, as well as having been appointed as Expert Witnesses on behalf of the Crown Prosecution Service.
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 statue and case law.
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.
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.
We offer a full service approach to residential and commercial property.