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Not sure if this is O.T :- Rent review for shop premises in City Center.

Dear all , i'm not sure if this is the right group for this question , but i've got a query.

I've rented a shop in a City Center for the past 12 years , we have a regular rent review every 5 years , my previous rent wast 7500 , this was reviewed and we agreed a new rent of 9000 for the next 5 years , which was a

20 percent increase , which i deemed fair and inline with inflation at the time , yet now the rent review is due again , they want to increase the rent to 14000 from 9000 , thats a 52 % increase , nothing has been to done to the building in the past five years to make this large increase justified , i have offered 11500 , which i think is fair and just and also reflects inflation .

I have considered the fact that property prices have increased over the past

5 years , but i can't see quite how this should increase my rent by such a large percentage.

I'm considering taking this to the Rent Review board , if things get out of hand.

Anyone have any opions?

Reply to
Justwondering
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That sounds a fair approach. I would tell the landlord of your plans to go to the board if agreement cannot be reached.

Reply to
David

In article , Justwondering writes

Rents are normally reviewed up to the level of the most recent comparable local property. Some landlords will then add a bit more.

It is difficult to get hold of evidence because reviews are not publicised. If you are sure you are being asked too much, it may be worth paying a valuer to negotiate and possibly prepare a case for arbitration.

Reply to
news

In article , news writes

The lease should include a provision that solves the problem. e.g. for each party to appoint a valuer to argue their case. In reality, I would expect each valuer to reach a conclusion based on the evidence they can find and then have a quick chat with each other to compare notes, possibly splitting the difference if any. Valuers will make some calls to other valuers, or letting agents, to get the evidence - something which is not easy for the individuals to do successfully.

After this, if agreement cannot be reached, the whole thing may go to a pre-defined arbitrator, whose decision would be final.

Reply to
Richard Faulkner

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