A retail rent review is a property owner’s periodic assessment of the market value of their property and the reasonableness of the current retail rent being paid in light of that value. The property owner may choose to increase, decrease, or maintain the retail rent based on their evaluation. Many factors can affect the market value of a retail property, including the location, condition of the property, and recent sales.
The property owner will also consider their own expenses when making a decision about the retail rent. If the property is being leased to a shop or business, they will also consider the tenant’s financial situation and ability to pay a higher rent. Ultimately, the property owner wants to receive a fair return on their investment while also keeping their tenants happy and successful.
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience.
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.
Our team has extensive experience in researching and analysing commercial leases. We provide an initial consultation where we scope your requirements and based on this meet, we will start an independent review. We are transparent at every stage of the process, and we will ensure that you are supported. Please give us a call today and we can get started!
If you are a landlord and you want to know the current market value of your retail property then you need a Property Valuer. Getting an independent review opens doors and discussions for landlords to negotiate a rent increase during the term of the agreement.
Settling disputes allows parties to move forward. If you are a tenant or a property owner you can appoint a third party property valuer as a mediator to agree fair market value.
A ratchet clause is a provision in a commercial lease that allows the landlord to increase the rent if the property’s value goes up. Typically, the valuer will reassess the property every few years, and if they determine that it’s worth more than it was when the lease was agreed to, the landlord has the right to raise the rent. This can be a troublesome clause for tenants, as it can lead to significant increases in their rental payments. However, it’s important to remember that ratcheting only applies to increases in value; if the property’s value decreases, the rent can’t be lowered. So, if you’re considering leasing a commercial property, be sure to pay attention to the ratchet clause before you sign on the dotted line.