Negotiations during a rent review for a commercial lease may go poorly if an acceptable compromise for both sides cannot be reached. If things reach a standstill, then it is a good idea to call in a property valuer to make a Commercial Rental Determination. This binding determination takes into account market value and other conditions to decide on a final answer.
As determinations are binding and final, it is important that it be left in the hands of an impartial and professional expert. Romeo Property Valuers’ team of qualified property valuers can be trusted to do the research and make the right call in a determination.
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience. We are experienced and have completed many deceased estate valuations in Sydney.
The Director, Vincent Romeo, sits on the Board the Australian Valuers Institute and acts as an advisor and mentor to many Registered property Valuers throughout NSW.
Romeo Property Valuers have acted for many Private, Corporate and Government clients in their tenure as one of the leading Valuation firms in NSW enabling Vincent Romeo an opportunity to offer his property valuation expertise on Channel 10’s popular lifestyle show “The Living Room”.
Other than being highly accredited as Registered Property Valuers throughout NSW we have an extensive range of knowledge and experience in the Property Analysing process and pride ourselves on delivering comprehensive property analysis and subsequently reliable and accurate property valuations. We are constantly observing and educating ourselves with the trends and changes in the market in order to make sure your property valuation is accurate, precise and reliable.
To make an informed property purchase or else in order to obtain solid returns on your home’s equity, you require accurate and realistic data. We strive to deliver market-leading strategic and innovative property advice using state-of-the-art valuation and information technology systems in order to enable you to make informed financial decisions.
When there is an option for a lease to be renewed there is an opportunity for a rental review. However this can bring problems and disagreements. Having an independent third party valuer can help remediate the process. The independent valuer will provide an appropriate market rent based on their valuation.
A residential property valuation can take anywhere between 24-48 hours and in some cases we can complete the same day if need be. For Commercial properties it takes between 3-5 business days. For more complex and exotic property types such as clubs, pubs, golf courses, places of worship it can take 1 – 2 weeks. In all cases it begins with a consult or call with the property valuer to scope your requirements.
At the end of the inspection and research that our consultants complete, you will be provided with a report. Commercial valuations are valid for 3 months from the valuation date.