A complex and diverse practice affecting almost every commercial lease. Our objective, for landlords is to maximise rental income and for tenants, is to curtail rental increases to a minimum.
What we do
Service of Rent Review Notice / Counter Notice - This may involve observation of specific formalities or time conditions.
Familiarisation with Code of Measuring Practice - While this is often a contentious issue, we have expert knowledge that will help decide what areas to include or exclude.
Consideration of relevant ‘Particular Features’ - These can include location, size, frontage, shape, layout, specification, services and age of the property. For Shopping Centres additional features such as position from entrances, anchor tenants, escalators and parking.
Research of all relevant market trends, economic factors, turnover, footfall - in order to contribute to an accurate and up-to-date review.
Legal – careful and correct interpretation of the lease is essential. Our professional service experts at CBRE have post 1970’s case law familiarity.
Comparable Evidence – gathering, analysing and using information in a realistic and professional manner is of paramount importance and forms the foundation of the valuer’s opinion.
Negotiation Skills - The opening sorte, manoeuvre and art of persuasion. The burden of proof rests on both sides.
Third Party Appeal Procedure - This may be necessary following breakdown of negotiations elsewhere.
Independent Expert - Our excellent wordsmith abilities are of utmost importance in preparing précis of evidence. We ensure that effective counter submission is made within restricted time-frames.
Arbitration (Oral) - Our dedicated team are familiar with the procedure involved and capable of articulate and competent verbal argument. This may involve challenging content and/or relevance of opponent’s evidence.
Memoranda - Creating written agreement, obtaining signatures from both parties. Pursuing completion to finalisation.
Ireland