The Hidden Value of Chartered Surveyors

A Case Study in Savings

Recently, Jaggard Macland partner, Simon Harper, had the opportunity to help a client facing a substantial rent increase. At the scheduled rent review after five years, the landlord proposed a new annual rent that constituted a 26% increase. You might think this sort of increase is inevitable and to be expected, however, Simon’s experience in these sorts of reviews meant he thought differently.

Through careful analysis and skilled negotiation, as well as Simon’s market knowledge, he was able to secure a final agreement that was only a 1% increase from the original rent. This saving was significant for our client and once extrapolated out over the next five years, becomes even more so!

Why Engage a Chartered Surveyor?

You might be wondering, "Couldn't I negotiate this myself?" While it's certainly possible, here are some key reasons why professional representation is invaluable:

• Chartered surveyors have in-depth knowledge of local property markets and current trends.
• Years of experience in property negotiations mean we know how to secure the best deals.
• Rent reviews are based on hypothetical assumptions so understanding what is being valued and how this affects the rent is critical.
• We're well-versed in property law and can spot potential issues in lease agreements.
• Let us handle the complex negotiations while you focus on running your business.
• Our involvement often results in significant cost savings over several years that far outweigh our fees.

The Bigger Picture

Occupier businesses need to recognise that landlords usually have professional representation, which puts them at an advantage when negotiating leases. Property costs can be significant for businesses and yet it’s possible there are substantial savings to be made, both in agreeing initial terms, but also when dealing with a rent review, or end of lease dilapidations. Using a chartered surveyor also gives businesses confidence in their property decisions.

At Jaggard Macland, we believe in building lasting relationships with our clients. We're not just here for a one-time negotiation; we're your partners in ensuring your property decisions align with your long-term business goals. Our recent success story isn't just a win for our client: it's a testament to the value that professional, personalised property advice can bring to your business.

Don't leave your property negotiations to chance - let's discuss how we can help secure your business's future, one square foot at a time. And if you're unsure whether savings can be made, we offer a review and can advise if we can achieve a saving before being instructed.

Contact Simon Harper, Head of Tenant Advisory

Direct Line: 01494 689614
Mobile: 07801 109649
Email: SRH@jaggardmacland.co.uk