5. Rent Reviews

Rent reviews are a way of periodically adjusting rent to “open market values”. The process follows the specific procedure agreed to by the parties and written into the lease agreement, based on certain hypothetical assumptions and timing restrictions.

The most effective way to assess an open market rent and have all the variables taken into account, is to have a professional manage the process. It’s usual for both parties (the landlord and the tenant) to appoint their own property surveyors to process the rent review.

Campsie’s Chartered Surveyors are able to conduct rent reviews on behalf of both landlords and tenants. Campsie has the necessary expertise, the contacts, the market knowledge to accurately assess market rents, give correct weighting to the lease clauses and to reach an agreement with the other party involved.

Additionally, we can advise on lease terms connected both with periodic rent reviews, new leases and the renewal thereof.