Jordan & Cook Chartered Surveyors have been advising & negotiating rent reviews & lease renewals on behalf of both Landlords & Tenants of business premises for many years.
Our surveyors are experts in this field having the necessary understanding of leases, statute & case law and most importantly an extensive database of market rental evidence which is crucial to establishing the appropriate rent. The service Jordan & Cook provides includes:
o Initial discussion on an informal basis with the client
o Inspection and measurement of the property
o Assessment of the lease and any relevant licenses
o Compilation of comparable rental evidence
o Written report to client advising market rental & other lease terms in the case of lease renewal. The advice will include recommendations on procedure, tactics & service of required notices
o Initiation of the review by service of a rent review notice in accordance with the lease or liaison with the client’s solicitor if statutory notice is required in the case of a lease renewal
o Conducting negotiations with the other party or their surveyor. In most cases agreement will be reached but if this is not possible then our surveyors have the necessary experience to handle conclusion of the dispute either by Arbitration or Independent Expert proceedings in the case of a rent review or Court or PACT proceedings in the case of a lease renewal
The fee basis for our undertaking reviews or renewals is tailored to meet each particular matter, fees can be agreed based on a fixed charge or in most cases they can be agreed on an incentive basis dependant on the benefit achieved for the client. Rent reviews & lease renewals are carried out by our Chartered Surveyors & they are undertaken in accordance with any relevant RICS regulations.
For further information please contact:
Mike Smith BSc(Hons) MRICS on 01903 820740
or email: firstname.lastname@example.org