Commercial valuation dispute

ss70

alams wrote: »

actually i aint!! Im doing better than him anyways. But i dont beleive in skanking other people to get to where i want to get, i have morals.

Mentioning his circumstances just back up my case in the fact that he is doing well and that he should be paying me whatever im entitled to!!

Tell me did your surveyor mention a £350 per month Mercedes Benz in his valuation report. That would make a lot of difference, do his professional valuation.:huh:

PS What is a £350 per month Mercedes Benz anyway, how do you know how much and how he's financed it?

Please tell me more, has it got leccy windows too, is it the optional leather interior or the standard cloth velour.

Why have you got an excessive interest in your tenant's personal life, if you are not jealous?

alams

socrates wrote: »

I think you should switch to LandLordzone.com for this question.

cheers mate, will check this out!!:beer:

alams

ss70 wrote: »

Tell me did your surveyor mention a £350 per month Mercedes Benz in his valuation report. That would make a lot of difference, do his professional valuation.:huh:

PS What is a £350 per month Mercedes Benz anyway, how do you know how much and how he's financed it?

Please tell me more, has it got leccy windows too, is it the optional leather interior or the standard cloth velour.

Why have you got an excessive interest in your tenant's personal life, if you are not jealous?

actually he has got leather interior!! LOL

ive known him for along time, je's a old school friend and thats how i know how much he's financed his car for!

besides, thats not the point, the point is, he's paying me rent which i believ is too low and i want it increasedf!!...bottom line!!

ILW

Well give him a price - take it or leave it.

alams

ILW wrote: »

Well give him a price - take it or leave it.

yeah thats what im working on!!

Im new to all this valuation stuff. Look at it from my point of view, his surveyor supports a nil increase, mine supports 17k!!! and now he's offering 13k???? My tenants doing all his other stuff on the side, and trying his best to avoid me increasing the rent, so that he can fund whatever else he's doing!!

To me it seems foul play!! like i said, i would never skank someone to get myself to where i want to get!!

and ss70, stop hating matey!:rotfl:

socrates

I think what people are trying to point out is that all the 'side issues' are irrelevant.

Concentrate on your property and the negotiations.

Obviously any tenant especially in the current environment will negotiate as hard as possible.

In this case there is an A3 licence - which means he cannot just up and move and go to the shop next door for example.

This is the basis for negotiations - you are both at opposite ends - prove your case, follow the legal route and see what happens.

The 'other issues' are all a waste of time....

alams

socrates wrote: »

I think what people are trying to point out is that all the 'side issues' are irrelevant.

Concentrate on your property and the negotiations.

Obviously any tenant especially in the current environment will negotiate as hard as possible.

In this case there is an A3 licence - which means he cannot just up and move and go to the shop next door for example.

This is the basis for negotiations - you are both at opposite ends - prove your case, follow the legal route and see what happens.

The 'other issues' are all a waste of time....

thanks mate, you are right!!

I think its best we go to arbitration

ss70

alams wrote: »

I think its best we go to arbitration

Arbitration between old school friends; great mate you are.:rotfl:

Have you considered counselling for your jealousy issues?

Poppy9

alams wrote: »

okay, firstly. the valuation was provided by my surveyor at the beginning of this year, at the same time as the 'credit crunch', so its not really that much out of date, i hear apparently the market is recovering.

Is it recovering? Not judging by the increasing number of empty units in my city centre in the last 6 months.

alams wrote:

My tenant has opened another 13 business, further down along teh same road and his landlord is known to require high rent.

If the other landlord has any business sense he will take what is offered as people starting up businesses are not exactly 10 a penny in this climate. How much people are paying on leases etc. is usually commericailly sensitive and they won't disclose to people so I doubt you know exactly what is being paid. You may know what was asked but that doesn't tell you what the agreed price is.

alams wrote:

Well anyways if he couldnt afford a decent rent for my property then how does he go and take on another property??

Perhaps he knows that the business in the new premises will be profitable. He is obviously doing okay by expanding in a recession. If anything him taking on a second premises strenghten his bargaining position with regard to your premises as he has an alternative if he can't get you to the rent he wants. Do you have an alternative tennant lined up? For each month your premises are empty it costs you £1000.

alams wrote:

that first and also he has recently bought a house, and drives a £350 per month mercedes.

so what? Good on him that his business is doing well. He's making sure he stays in business by not agreeing to your high rent demands.

alams wrote:

I aint being jealous but i just think my rent is too low and he is living off my money!!

He is not living off your money. You are a landlord, he is a business. He has an agreed rent with you which he has paid.

alams wrote:

I think my tenant can afford the increase but not with commitment to his new venture whereby he is most likely having to fork out to balance the new place.
But thats not my problem.

He may well be able to afford it but that doesn't mean he has to pay it. He obviously has a good business head on him, whereas you have employed someone to value your business who seems clueless saying it's out of date, optimistic etc.

Of course it's your problem if he just refuses you rent increase demand. You then have an empty property costing you £1000 per month in lost rent.

Given we are in a recession and many businesses are folding not expanding, you are fortunate he's agreed to any sort of increase.

But if you have tenants lined up ready to move in when he vacates then go ahead and stick to your guns.

alams

ss70 wrote: »

Arbitration between old school friends; great mate you are.:rotfl:

Have you considered counselling for your jealousy issues?

your right mate, i thought the same thing until i realised that he trying to skank me!!

:j:rotfl::T:D:cool::beer::rotfl::j:T:T:rotfl::D:D