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Closed Surveyors

Ranjit Mann
posted on Friday 4 March 2022
expired on Friday 18 March 2022
0 Question(s) | 2 Offer(s)
CV, Coventry, West Midlands
I am the land lord for a retail pharmacy property which has a rent review due in July 2022. I am looking for a surveyor to review the rent for the next 5 years as per current lease agreement based upon the following clause: The Annual Rent 6.1 The Tenant shall pay the Annual Rent and any VAT in respect of it by four equal instalments in advance on or before the Rent Payment Dates. The payments shall be made by BACS or by any other method that the Landlord reasonably requires at any time by giving notice to the Tenant 6.2 The first instalment of the Annual Rent and any VAT in respect of it shall be made on the date of this lease and shall be the proportion, calculated on a daily basis, in respect of the period beginning on the date of this lease and ending on the day before the next Rent Payment Date. 7. Review of the Annual Rent 7.1 In this clause, the President is the President for the time being of the Royal Institution of Chartered Surveyors or a person acting on his behalf, and the Surveyor is the independent valuer appointed pursuant to clause 7.10. 7.2 The amount of Annual Rent shall be reviewed on each Review Date to equal: (a) the Annual Rent payable immediately before the relevant Review Date (or which would then be payable but for any abatement or suspension of the Annual Rent or restriction on the right to collect it) or, if greater; (b) the Revised Rent. 7.3 The Indexed Rent for a Review Date shall be determined by multiplying the Base Rent by the All Items index value of the RPI for the month that falls two months before the month in which that Review Date falls, then dividing the product by the All Items index value of the RPI for the Base RPI Month. 7.4 The Landlord shall calculate the Indexed Rent as soon as practicable and shall give the Tenant written notice of the Revised Rent as soon as it has been ascertained.

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