Lease Renewal & Rent Review Valuation Expert Witness UK
Lease renewal and rent review valuation expert witnesses provide independent opinions on open market rent for contested lease renewals under the Landlord and Tenant Act 1954 and rent review arbitrations. RICS expert witnesses apply comparable letting evidence and adjust for the specific terms of the new lease.
Rent in opposed or unopposed lease renewals under the Landlord and Tenant Act 1954 is determined at the open market rent for the premises, assessed by RICS expert witnesses applying comparable letting evidence and adjusting for the specific terms of the new lease.
PACT (Professional Arbitration on Court Terms) is an alternative to court proceedings for LTA 1954 lease renewal, using a RICS arbitrator or independent expert to determine the terms of the new lease. Valuation expert evidence is prepared in the same way as for court proceedings.
Related Asset Type
Property & Land
Related Service
Property & Land Valuation
Pillar Guide
Valuation Types Guide
Guide
How to Instruct
Frequently asked questions
How is rent determined in a contested LTA 1954 renewal?
What is PACT and when is it used?
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