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Hi:
I have 20 years lease for a take away shop in London,this month is first time for my landlord to rent review,he want to increase about 33%,I think that too much,it's unfire, I can not cover it by my business,so could u tell me what can I do to protect my right? Thank u!!!!!!!!!!!!!!!!!!!!
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You need to find out what other people in your area are paying for somparable properties. If yours is a different size from other properties then you will need to calculate what you are paying pro rata. If you are paying £10.00 psf and your landlord wants to put the rent up by 33% that means it will go up to approx £13.30 psf. If other people, with similar sites, are paying this then you are in a difficult position to argue, but if they are paying less then you should use them as examples as to why the LL is being unreasonable. If you find several properties that are less than yours use those as examples (obviously don't use any that are paying higher rents than the LL is proposing). Also, bear in mind that a shop has 3 "zones" when it comes to deciding the rental - the frontage (most expensive), the middle of the shop (less expensive) and the rear of the shop (least expensive).
rent review alot
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