Course description
Dealing with a commercial property rent review or lease renewal requires skills that develop over time and through experience. To identify the relevant features of a commercial property lease and rent review clause that may affect rental value, and to be able to make qualitative adjustments to the available evidence, surveyors need technical skills in lease interpretation resulting from an understanding of relevant legislation, case law and guidance. In order to reach a negotiated settlement and to avoid conflict professionals need negotiation and client care skills. Both technical and soft skills are covered in this course.
This online 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.
The course relates to business tenancies in England & Wales.
Upcoming start dates
Training content
Web Class 1 – Rent Reviews
- Legislation and guidance affecting business tenancies
- Background to rent reviews and how they have developed
- Lease analysis
- Rent review process
- Case notes
Web Class 2 - Lease Renewals
- Renewal Process – L&T Act 1954 Notices
- Termination of the Lease
- Interim Rent
- End of lease tactics
- Case notes
Web Class 3 - Dispute Resolution for Rent Reviews & Lease Renewals
- Role of the surveyor in L&T disputes (expert witness or advocate)
- Guidance and regulations concerned with L&T disputes
- Final advice to client – settle or refer for dispute resolution?
- Calderbank offers
- Part 36 Offers
- Case notes
Certification / Credits
Learning outcomes
- Recognise the primary legislation and understand the processes involved with business tenancy rent reviews and lease renewals.
- Interpret the principal terms of a business tenancy that affect rent reviews and lease renewals.
- Follow standard processes for rent reviews and lease renewals.
- Understand the dispute resolution options and procedures for business tenancy rent reviews and lease renewals.
- Identify RICS guidance relevant to advisors and dispute resolvers.
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The Royal Institution of Chartered Surveyors (RICS)
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