“The retail industry struggling at the moment”, “there vacant shops on the parade?””Energy bills and cost of materials have gone up”
These are a few of the counterarguments some tenants make in response to rental increases.
Whilst sometimes these statements can be true, they are very likely to be ineffective arguments against rental increases? why? Because retail rents are valued within the parameters of the definition of ‘market rents’ as per the Red Book and in most cases following the comparable method of valuation. It can feel like you and your landlord/ or their agent are speaking different languages. This is why the RICS recommends that you hire a professional to represent you.
Olawill was formed to give SMEs a voice in these transactions, providing you complex landlord and tenant advice in simple terms and saving you money. Contact us for a consultation today
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