Contact us: Rent reviews on commercial leases in London and the Home Counties
At Capital Chartered, we specialise in guiding landlords and tenants through rent reviews on commercial leases across London. Rent reviews can be complex, especially for industrial units, office buildings, and retail premises. Our RICS chartered surveyors provide professional rent review valuations and negotiation support, ensuring an accurate, market-aligned assessment to support fair agreements.
Why do rent reviews on commercial leases matter?
Rent reviews are critical in maintaining a balance between landlords and tenants over long-term lease agreements. Most commercial leases undergo rent reviews every three or five years, with terms often established at the lease’s start. Reviews may be based on open market rental value or indices like the Retail Prices Index (RPI), while others may follow pre-agreed amounts. Engaging a professional surveyor early in the rent review process can help avoid financial disadvantages and ensure an equitable outcome for both parties.
What is a rent review on a commercial lease?
A rent review on a commercial lease involves assessing the property’s current rental value to determine if the rent should be adjusted according to lease terms. Accurate valuation is essential, as rent adjustments can impact the financial viability of both parties. Our experts help navigate commercial property rent review scenarios by providing reliable, data-driven valuations based on current market insights.
Properties we value: Key insights into rent reviews in London's commercial market
We offer rent review services across a wide range of commercial property types in London, adapted to the specific characteristics of each area:
- Central London: As a primary business hub, Central London areas like Mayfair, Soho, Holborn, and Covent Garden are home to prestigious office buildings and high-value commercial properties. Our rent reviews in these regions reflect the premium nature of properties, ensuring competitive and accurate valuations.
- East London: Known for its vibrant commercial growth, East London areas such as Shoreditch, Canary Wharf, Hackney, and Bethnal Green feature a mix of office spaces, retail properties, and industrial units. Our rent reviews capture these locations’ dynamic market shifts and rising demand.
- West London: In affluent areas like Hammersmith, Chelsea, Kensington, and Paddington, where retail and office spaces cater to both local and international clients, our rent reviews ensure rents align with the premium commercial landscape.
- North London: Family-friendly areas like Camden, Islington, Barnet, and Finchley include a variety of retail premises and commercial office spaces. Our rent reviews reflect the balance between community-centred commercial needs and competitive rental pricing.
- South London: Regions such as Clapham, Brixton, Wimbledon, and Croydon boast a mix of retail properties, office spaces, and industrial units. We conduct rent reviews that account for these areas’ growing commercial diversity, ensuring fair rent adjustments in line with the local market.
Common scenarios requiring rent reviews on commercial leases
Our rent review services support various commercial lease scenarios, including:
- Open market rent reviews:A common approach in which rents are reviewed based on the current market rate, ensuring that the lease remains competitive
- Index-based reviews: We help determine adjustments based on inflationary trends and contractual terms for leases tied to RPI or other indices
- Pre-agreed increments: We ensure adjustments remain in line with local market conditions and accurately reflect property value for leases with pre-set increments
The rent review process at Capital Chartered
Our rent review process is designed to ensure accuracy and fairness, tailored to each property’s unique characteristics. The process includes:
- Initial consultation: We discuss your lease terms and review the rent review clause to clarify the process
- Property inspection: Our surveyors inspect the property, measuring and photographing it to record key details
- Market research: Using our extensive databases, we analyse comparable properties and local rental market trends
- Valuation report: We prepare a detailed, RICS-compliant report based on open market data, ensuring transparency for all parties
- Negotiation support: If required, we represent your interests in negotiations, striving to achieve a fair and desirable outcome
- Post-review support: We remain available by phone and email for follow-up discussions, ensuring clarity and continued support
Our rent reviews are conducted by RICS-registered valuers with over 25 years of local market experience. They ensure that each assessment is thorough and based on relevant market data.
Why Capital Chartered for rent reviews?
At Capital Chartered, our wealth of expertise in commercial property valuations and rent reviews across London makes us a trusted partner for landlords and tenants alike:
- Deep market knowledge: Our RICS Chartered Surveyors possess extensive knowledge of the London market, ensuring each rent review aligns with real market conditions
- Accurate and reliable reports: All our reports meet RICS standards, providing transparency and compliance for legal or financial proceedings
- Objective, informed negotiations: Our local rental market resources and insights into recent transactions enable us to effectively represent you during negotiations, ensuring a fair rent outcome
Our rent reviews are conducted by RICS-registered valuers with over 25 years of local market experience. They ensure that each assessment is thorough and based on relevant market data.
Tailored solutions for your rent review needs
Capital Chartered understands that each rent review is unique and influenced by specific lease terms and property characteristics. Our team offers customised solutions to meet your needs, from data-backed valuations to expert negotiation support. We work closely with you from start to finish, delivering fair and precise rent reviews for commercial leases across London.
Coverage areas
London Boroughs
- Barnet
- Bromley
- Camden
- City of London
- Croydon
- Ealing
- Enfield
- Hackney
- Hammersmith and Fulham
- Haringey
- Harrow
- Havering
- Islington
- Kensington and Chelsea
- Kingston upon Thames
- Lambeth
- Lewisham
- Merton
- Newham
- Redbridge
- Richmond upon Thames
- Southwark
- Sutton
- Tower Hamlets
- Waltham Forest
- Wandsworth
- Westminster
Home Counties
- Berkshire
- Buckinghamshire
- Essex
- Hertfordshire
- Kent
- Surrey
- Sussex
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