15% rent reduction secured for a client

Acting on behalf of a global, specialist marble contractor, EDM London, Ashurst Real Estate has successfully negotiated a rent review of a significantly sized warehouse property within a dense industrial location.

After considerable negotiation with the landlord, Ashurst Real Estate were able to secure a 15% reduction to the rent stated in the rent review notice.

Rent reviews have become somewhat of a scarcity in recent years as lease lengths have shrunk.

As a result, professional advisers that are suitably qualified to deal with rents reviews have also become scarce.

The new rent is often decided beyond simply looking at similar properties’ rental values.

Careful analysis of the property’s lease terms is usually required as these can have a profound effect on a property’s rental value at the review.

Ashurst Real Estate has many years of experience, successfully advising both landlords and tenants upon rent reviews with all types of commercial property classes including offices, retail, educational and of course industrial properties.

If you are a landlord or a tenant and require advice on an outstanding or forthcoming rent review, give us a call. 020 7419 5117.