Daniells Harrison Chartered Surveyors have seen a surge in the request for rent reviews over the last six months. The team have been busy conducting reviews on a variety of commercial properties across the Southern England region, ranging from retail units and offices, to dental practices.
Rent reviews are conducted at set intervals as defined within the individual lease, usually on a three or five year cycle. Both landlords and tenants should seek professional advice prior to their rent review date to ensure they get a realistic settlement that reflects current market conditions.
Over the last six months we have achieved many successful outcomes on reviews for both landlords and tenants. The current stronger market is leading to upward pressure on rents and it is therefore essential that both landlords and tenants are professional represented.
If you require any further information regarding rent reviews or general lease advice, please contact Daniells Harrison Chartered Surveyors – Richard Huffer at Fareham or David Wiggins at Isle of Wight.
Find out more about our rent reviews and lease renewals here.