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Training Courses

Commercial Landlord and Tenant: Rent Review and Lease Renewals

Rent reviews and lease renewals of business tenancies.

Date:
Wed 22 Aug 2018
Time:
09:30 AM - 05:00 PM
Venue:
London, Venue, TBC
CPD:
6 hours formal CPD
From
£310 + VAT

Overview

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.

Who Should Attend

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.

Format

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

Course contents

  • Background and evolution of commercial property rent reviews
  • The Landlord & Tenant Act 1954 and The Regulatory Reform (Business Tenancies) (England and Wales) Order 2003
  • Overview of other relevant statute and guidance
  • Lease analysis and interpretation
  • Rent review process
  • Lease Renewal process
  • Alternative dispute resolution
  • RICS Guidance publications
  • Researching comparable evidence
  • Weighing and adjusting the evidence
  • Presentation of findings to the client
  • Negotiation tactics and achieving results in L&T negotiations
  • Final advice to client – settle or refer for dispute resolution?

What is included

  • RICS guidance publications (by email)
  • Course manual
  • Certificate of training course attendance
  • Lunch and refreshments.

Learning outcomes

By the end of the course, and in the context of commercial property rent reviews and lease renewals, you will be able to:

  • Recognise the primary legislation
  • Interpret the principal terms of a business tenancy that affect rent reviews and lease renewals
  • Understand the dispute resolution options and procedures
  • Identify RICS guidance relevant to advisors and dispute resolvers
  • Be aware of how to assess and adjust comparable evidence
  • Adopt negotiation skills and tactics to appropriate to your task
  • Present information and advice to your client

 

Course pre-requisites

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:

  • PS & GN for surveyors acting as expert witnesses
  • PS & GN for surveyors acting as expert advocates
  • GN for surveyors acting as arbitrators in commercial property rent reviews
  • GN for surveyors acting as independent experts in commercial property rent reviews
  • GN conflicts of interest
  • GN surveyors and lawyers involved in lease renewals under PACT
  • The Code for Leasing Business Premises in England and Wales 2007.

Review

One of the best classes I've attended

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"

Have training delivered In-House

Call +44(0)24 7686 8584

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More locations available

If this course isn't running near you, register your interest and we will keep you updated next time it's occuring in your local area. When it's available, we'll email you with the course date, time and venue.

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Price

  • RICS professionals £310 + VAT
  • Non-RICS professionals £399 + VAT
  • Visa

  • Mastercard

From
£310 + VAT
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