Course Code: T911

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RENT REVIEW ESSENTIALS
Principles and Practicalities
Tuesday, 8 July

The impact of rent reviews on outgoings and capital values has become well known in commercial markets.  This full day workshop will look at the three primary aspects of rent reviews: the machinery, the valuation exercise and the settlement.  It will consider how to systematically appraise the terms of the lease, collate and analyse evidence, and handle negotiations.  Third party processes used in the event of non-agreement will also be reviewed along with practical tips to minimise the impact of professional and related costs.

The course will cover:
• The hypothetical world of rent reviews
• Initiating the review – time limits and notices
• The critical assumptions and disregards
• Review clause workshop
• Third party procedures
• Analysis of evidence
• Rent review negotiation workshop
• The duties of an expert witness and making the best of your case
• Challenging the decision of a third party
• Fees, costs and Calderbanks

This course will be of benefit to lawyers, surveyors, property owners, tenants, estate managers and all those involved in rent review negotiations or, more generally, the management of commercial property.

COURSE DIRECTORS:
Derek Bruce, Principal Lecturer, School of Surveying, Kingston University
Simon Curtis, Head of Lease Advisory, Cushman & Wakefield