Feel like you are paying too much for your office? For commercial leases, rent reviews are usually conducted once a year on renewal of the lease, which is when rent may potentially rise. Conflict of interest between the landlord and tenant means that there may be disagreements when determining the rate going forward. At this juncture, it is best to introduce a third party.
By calling Romeo Property Valuers, an impartial review can be conducted by one of our expert property valuers. Our staff can handle Fixed Percentage Increase Reviews, CPI Rent Reviews, Market Reviews and other methods, facilitating negotiations between the two parties to reach a mutual agreement.
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.
The common ways to conduct rental reviews are:
Our qualified team is also experienced in other types of rental reviews and practices. Call Romeo Property Valuers to ask more.
If negotiations between the two parties break down, there may be a need for a Commercial Rental Determination. This is where an independent valuation will be beneficial
A rent review is simply a periodic re-evaluation of the amount of rent being charged. This can be done for a variety of reasons, including market conditions or changes in the property itself. In most cases, the landlord and tenant will agree on a fair rent amount based on recent comparable rentals in the area. However, if they can’t come to an agreement, they may need to involve a third party, such as an independent appraiser, to determine the new rent amount.