What is a rental valuation?
At Perry Hill Chartered Surveyors, we offer in-depth rental valuations to help you understand the Market Rental Value of your property. Our valuation takes into account size of building, specification, location, age, user as well as analysis of comparable rental evidence of similar properties in the local area.
The valuation is an objective analysis of current market conditions and offers a professional opinion on a rental value as at the rental review date and or date of proposed lease renewal.
We have extensive experience in valuing commercial and residential properties, for rent review and lease renewal purposes. We have valued houses, apartments, offices, shops, community halls, warehouse, marinas, religious buildings, schools, surgeries and music studios etc.
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Rental valuations for landlords
The most important question for property landlords is how much rent should be charged for their property. Our rental property valuation provides you with advice and guidance on a fair market value for the property.
Getting an accurate valuation is important in terms of ensuring you get the right rent for the property. It can also be useful in assessing reversionary value, or assisting in determining investment value and for tracking rates of return for a specific property investment.
Undertaking a Red Book Valuation, to determine Market Rent is essential for landlords and tenants in a rent review or lease renewal scenario.
When do you need a rental valuation?
Formal rental valuations are required when implementing a rental review, preparing accounts, undertaking development appraisals, negotiating settlements between owners and or litigation etc.
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