Rent Reviews | Mylako Surveyors

At Mylako Chartered Surveyors our property consultants have a proven track record of negotiating favourable rent reviews on behalf of both commercial tenants and landlords. Our team have arbitrated successful results on behalf of clients in the industrial, commercial and retail sectors. We have extensive specialist knowledge of UK property law and lease agreements, and so are well placed to work on your behalf to challenge unfair rent reviews and negotiate an equitable settlement for both landlord and tenant.

Recognising the complexity of many rent review clauses, we provide a sympathetic and bespoke service that takes into account the specific terms and context of your rental agreement. We are pleased to work with all commercial clients in the UK, as well as international tenants with a property lease in the UK.

What are rent reviews?

If you are a commercial tenant with a property lease of 3 to 5 years or more, then your contract will probably include regular rent reviews. For offices and industrial premises, these usually take place at intervals of three or five years. Although called a ‘review’, in practice these invariably involve rent increases – sometimes by a considerable amount. Contrary to the practice in other countries, in the UK the majority of rent reviews are upward only, and do not take into account money invested by the tenant into maintaining or improving the property.

While most commercial landlords review rent increases in a sustainable and responsible way, unfortunately there are also instances of disproportionate rent increases that do not take into account the interests of the tenant or local market. If this has happened to you, and you are undergoing a dispute with your landlord over a rent review, then our team can help find a fair solution for all parties involved.

How can we help you?

Our goal is to achieve a quick settlement of your rent review dispute through negotiation. We aim to achieve the best outcome for you, while also preserving an amicable working relationship with your landlord.

There are three keys to a successful resolution that our team brings to bear when negotiating a rent review on your behalf:

Knowledge of your lease terms and any clauses that may affect the rent review. These can include break causes, alienation provisions, building service charges and other lease terms.
Knowledge of your local market and area. Our team conduct extensive market research that allow us to compare rent reviews over time to understand what can reasonably be expected.
Expert communication skills. Our experience of negotiating with landlords and tenants at all levels gives us the confidence to sensitively handle your case and to bring about a favourable conclusion to your dispute.

To find out more about our rent review negotiation service, please send us a message through our online contact form, or speak to one of our chartered surveyors and property consultants on 020 7183 0321.

What to find out more?

Contact our RICS registered valuers today to arrange your valuation appointment that will save you time and money, speak to us directly on 020 7183 0321.

Mylako can support you

Whether you’re buying or selling, extending your lease, calculating your tax liabilities, or looking for a dedicated Property Manager

GET IN TOUCH

What our customers say about us

We were tenants in a Mylako property for three and half years. By far the best management company either of us has rented from. They're so responsive, act on things quickly and fantastic communicators. We mostly liaised with Marcela who was an absolute pleasure to do deal with throughout our tenancy; she was so helpful, professional and thorough. But all the team are fab, can't recommend them enough.

Clare

Amazing service! Renting in London can be tricky but in our case, we had Marcela from Mylako who was always available to help. They truly want the tenants to have a great stay which is rare and much appreciated!

Nienke Gras

I was a tenant in a Mylako-managed flat for three years and had a very positive experience. There were clear channels for communication, and the team was very responsive and went over and above to ensure I was comfortable and safe in the flat and had all the information I needed. Marcela was particularly friendly and helpful. I would have stayed even longer if I wasn't looking for a bigger flat with my boyfriend. Even then, I first asked Mylako if they had alternatives I could look at!

Lisa Cousins

Mylako have dealt with my concerns and challenges to do with the management of my flat and the building in a professional, courteous and timely manner. Businesses are made up of people and Mylako has some great professionals working there who take the needs and situations of their customers very seriously and it shows with the correction of issues relating to works needing to be done, accounts to be paid and a myriad of other things for which a capable and willing managing agent is essential

Alex Tanner

Eli and the team at Mylako have been kind, professional and responded quickly to any problems we had with our small rented flat. I would recommend them to others, and feel very lucky to have had their help and support behind the scenes for our seven year tenancy in Battersea.

Harriet Worsley