Rare Art (London) Limited came to The Lorenz Consultancy via their solicitors and occupied approximately 2,000 sq ft on a lease expiring March 2011 where the Landlord endeavoured to impose an RPI formula increase to £95,000 per annum. With the help of their lawyers we found this to be the incorrect method of valuation and embarked on the alternative rent review where the Tenant wanted a longer lease, subject to a rent review and Tenant only break option five years later and settled at less than a £5,000 per annum increase from the existing rent, with a 3 month rent free period thrown in.
Professional | Kathryn Sowter
