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All You Need to Know About Red Book Valuations When it comes to assessing property value, RICS (the Royal Institution of Chartered Surveyors) provides a definitive framework for professional valuations known as the ‘Red Book’. This globally recognised standard ensures transparency, accuracy, and reliability in property valuations. What is a Red Book Valuation? A Red…

The market for acquiring short lease properties continues to be a strategic investment opportunity for developers and investors seeking potential value through lease extensions. This guide explores contemporary approaches to valuing short lease flats and properties, and understanding their investment potential. Understanding Lease Valuation Techniques Traditionally, the Graphs of Relativity have been the primary method…

If a tenant mistreats a property or fails to maintain it according to the terms of their lease, the landlord can issue a Schedule of Dilapidations. This process provides a much-needed failsafe for landlords, helping to protect their investment and clarify a fair, appropriate way forward. And for tenants, it helps to avoid nasty surprises…

A commercial building survey is not just for properties being sold. In fact, there are many reasons why you might appoint a surveyor to carry out a building survey or inspection on a rented commercial property. Assessing the condition of the property All commercial leases have clauses regarding the condition of the property, and how…

Last month, we explored what happens when a tenant fails to repair or maintain a building, and how a Schedule of Dilapidations can help to document and address maintenance issues. Yet, there’s another report that can serve to avoid unexpected maintenance issues and disputes altogether: the Schedule of Condition. Let’s look at what a typical…

As a leaseholder, you may have to pay an annual service charge towards the upkeep of your building or development. But what is this charge and what exactly does it cover? Here, we look at the most common questions people have about building service charges. What is an annual building service charge? The annual service…

We all know that Inheritance Tax (IHT) can cost families a lot of money when a loved one dies. But did you know that there are steps you can take to reduce the amount of IHT payable? One way is to get an independent valuation of property assets (also sometimes known as a ‘probate valuation’)….

We’re delighted to share some exciting news with you: Perry Hill was voted the ‘Best Commercial Agent & Chartered Surveyor’ at the Surrey Property Awards 2019 annual event in November. We had a great night celebrating our joint success! This award is not down to one individual, but all of our team working together and…

Whether you’re starting a new venture, expanding your operations, looking to downsize, or moving to a new location, finding the right commercial premises is critical. Having a good chartered surveyor on your side can save you time, money and hassle during this process – and throughout the lifecycle of your occupancy. Here’s how. Finding and…

A break notice or break clause is an essential part of any commercial lease, since it allows either the landlord or tenant to terminate the lease early. So far so simple. But making sure the break notice is worth the paper it’s written on? That’s where many commercial leases go wrong. Why do you need…