Commercial valuation dispute

fc123

http://www.retail-week.com/property/retail-rents-to-plunge-20-by-end-of-2010/5003702.article

A handy trade paper to give you some more info.

A lessee can walk away and you can end the lease...just costs some £££. It's called a surrender.

Willsnarf1983

alams wrote: »

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

Stop saying skanking!, its not skanking its Business...Did you really expect him to say 'let me bend over and take it up the preverbial and pay you what you want straight off!' Course he is going to negotiate as he wants to protect his business interest!

socrates

fc123 wrote: »

http://www.retail-week.com/property/retail-rents-to-plunge-20-by-end-of-2010/5003702.article

A handy trade paper to give you some more info.

A lessee can walk away and you can end the lease...just costs some £££. It's called a surrender.

But there is no such thing as walking away for nothing - if the tenant goes bankrupt/surrenders the lease - the LL gets back a property with an A3 Licence - which he can perhaps re market with a premium....

alams

socrates wrote: »

But there is no such thing as walking away for nothing - if the tenant goes bankrupt/surrenders the lease - the LL gets back a property with an A3 Licence - which he can perhaps re market with a premium....

YES!! If he's not paying me market value and trying his best to avoid an increase in rent, which I suppose is his right, then I have every right to follow the legal route and ask for what im entitled to, if so!! if he then cant afford it then thats not my problem!! Im sure I should be able to get the same as what he's already paying me with a premium.

Thanks Socrates!!!:beer:

ps i checked out that website, landlordzone.co.uk, but having trouble posting threads??

alams

One more thing!!!

My tenant is renting out one or two rooms on the 1st floor which is against the lease and he is also denying this. His valuation is based on the 1st floor being used for a3 purposes and not residential ( as per lease) but this is not the case and my valuation is based on the 1st floor being used for residential purposes, which is what the surveyor witnessed!!!

ss70

alams wrote: »

if he then cant afford it then thats not my problem!

if he can't afford to pay you, then who's problem will it be?

alams

ss70 wrote: »

if he can't afford to pay you, then who's problem will it be?

If he cant afford to pay then thats his problem, im not here to help him make his money! I need to start thinking about how I can use my property to make my money!!

Poppy9

alams wrote: »

If he cant afford to pay then thats his problem, im not here to help him make his money! I need to start thinking about how I can use my property to make my money!!

So you have new tenants ready and waiting?

ILW

alams wrote: »

One more thing!!!

My tenant is renting out one or two rooms on the 1st floor which is against the lease and he is also denying this. His valuation is based on the 1st floor being used for a3 purposes and not residential ( as per lease) but this is not the case and my valuation is based on the 1st floor being used for residential purposes, which is what the surveyor witnessed!!!

Then you should be able to boot him out for contravention of the terms of the lease, and get a tenant who will pay more.

sosos

BUMP.

I came across this thread during one of my searches as it was relevant to me. The last post was nearly 4 months ago, and I am wondering if alams would be kind enough to update us on what he settled upon.