Rent reviews and lease renewals of business tenancies.
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Dealing with a commercial property rent review or lease renewal requires skills that develop over time and through experience. Technical skills of lease interpretation resulting from an understanding of relevant legislation, case law and guidance are needed in order to identify the relevant features of a lease and rent review clause that may affect rental value, and to be able to make qualitative adjustments to the available evidence. Professional soft skills need to be applied during negotiations in order to reach a negotiated settlement and to avoid conflict.
This one-day course provides an introduction to the broad area of commercial property rent reviews and lease renewals, and explains the options and procedures of dispute resolution when negotiations break down.
This course is aimed at anyone who is new to Landlord & Tenant rent review and lease renewal negotiations or is looking to develop their core skills and competence in this area. If you are working towards your Assessment of Professional Competence (APC) then this course will provide you with valuable knowledge and skills to assist you in developing technical competencies (for example, Landlord & Tenant and property management) and mandatory competencies.
This is an interactive training course with the morning session concentrating on technical skills and the afternoon session on “soft skills” (which will increase your confidence), reviewing guidance, considering case studies and looking at practical issues faced by advisors and dispute resolvers
By the end of the course, and in the context of commercial property rent reviews and lease renewals, you will be able to:
Candidates attending the course should have a basic knowledge of the L&T Act 1954 and rent review/lease renewal process. Before the course, each candidate will receive an email containing the RICS guidance publications listed below (along with The Code for Leasing Business Premises in England and Wales 2007).
Candidates are not expected to download and read in detail all of the publications, and there is no need to bring full copies of the guidance to the course, but an awareness of the publications will be helpful to delegates before and after the course:
Justin Knight MRICS, Associate Director, Bective Leslie Marsh on 29/01/2018
"Excellent course, it covered the relevant subjects in an engaging and succinct manner. One of the best classes I've attended"