That Retail Property Guy
Welcome to That Retail Property Guy, the podcast where retail property expert Gary Marshall champions retail tenants and empowers professionals across the industry. With a career spanning decades, a dozen retailers, and millions in recovered losses for leading UK retailers, Gary shares his unparalleled knowledge to help retail tenants protect their rights, navigate leases, and maximise opportunities often overlooked by landlords, estates and accounts teams.
This podcast is your go-to resource for unlocking the mysteries of retail property. Whether you're an experienced professional, a mid-sized chain, or someone just starting in the industry, Gary’s insights will help you build confidence, avoid pitfalls, and thrive in this complex field.
Through practical advice, real-world examples, and interviews with industry leaders, That Retail Property Guy is dedicated to fostering development and knowledge-sharing for the next generation of retail property experts.
Listen weekly and discover how small insights can lead to big wins for retail tenants everywhere. Start your journey to retail property mastery today!
That Retail Property Guy
Leases, Landlords, Location Location - Demystifying Rent Reviews for Retail Tenants
Navigating Commercial Rent Reviews: Key Strategies and Considerations
In this episode, host Gary Marshall delves into the intricacies of retailer rent reviews, emphasising the importance of understanding and reading the lease in detail. The episode outlines two main aspects of negotiating rent reviews: the physical survey and reading the lease. The discussion covers critical points like the frequency of rent reviews, potential stipulations in leases, the impact of neighboring tenants' settlements, and the importance of obtaining expert advice. The host also explores potential pitfalls in rent reviews, such as the landlord's right to value tenant improvements and the concept of a hypothetical lease. The episode concludes with advice on handling disputed rent reviews, including the arbitration process and the importance of having documented agreements.
00:01 Introduction to Rent Reviews
00:34 The Physical Survey and Lease Reading
01:32 Key Considerations for Rent Reviews
02:37 Understanding Rent Review Clauses
03:41 Collaborating with Neighboring Tenants
04:47 Hypothetical Valuations and Assumptions
06:31 Economic Climate and Rent Reviews
08:35 Disputed Rent Reviews and Arbitration
12:19 Valuation Principles and Comparables
15:54 Final Thoughts on Rent Reviews
Listen to Gary's major episode on leases and find out what RTFL really means!
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