Don't Skip Your Rent Reviews

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One of the reasons for our dislike of under-rented buildings is the unforeseen burden it puts on both the tenant and the owner. As a tenant and business owner, cash flow and forecasting is key and keeping on top of your rent is a fundamental necessity. When rent reviews are missed year on year (or only adjusted by a meagre amount with the honest intention of keeping good tenants in the building) tenants end up with a distorted view of the market. When it comes time to grow into a new building or when the building is sold, they can often be hit with a massive increase in rent (130% being the largest we have seen in the last few years). Slow growth works, whether it is fixed increases, market, CPI or a combination. It is much easier to eat an elephant one bite at a time over several years.

If you need help with the ideal structure (as a landlord or a tenant), then give us a call, and we can offer some suggestions.