Submission Flashcards
1
Q
Lvl 2 rent review
A
Linea house ancells
2,885 sq ft office
Rent was £15.98
Net effective rent was £15.58 - £17.47 psf
Recommended rent of £18 psf
2
Q
Lvl 2 lease renewal
A
8 Vulcan way - Royal Mail
8,000 sq ft
Tenants issued s.26 while landlord was looking to issue s.25
10 year lease with break at 5 year
Rationalisation - RM wanted 5 year with break at year 3, £10 psf
12-20 totalling 8,000 sq ft recently agreed at the rent of £10 psf
Agreed 5 year lease break at year 4 £10 psf
Extension under S.29B l&t 1954 act agreed to allow completion
3
Q
Lvl 3 rent review
A
Unit 2 fairfax
Current £9.96 psf
Market evidence £14-£15 psf
Proposed £14.50
Tenant countered £11.50
Next door then completed a rent review at £13 psf 13 months prior
Agreed at £13.50 psf
