Restricted occupation rent reduction
3:05 PM, 8th April 2014, 12 years ago
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I am very new to this. I am negotiating a rent review and my tenants agent says that as the occupation of the flat above the shop is restricted to the shop trader there is a convention in such circumstances that the rent attributable to this part of the accommodation under the principle lease should be at 50% of that which might be achieved for same accommodation if let on Assured Shorthold Tenancy.
Is that true and is 50% reduction negotiable ?
Thanks
Colin
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Tenant only gave 5 days notice
Member Since April 2014 - Comments: 5
9:33 AM, 10th April 2014, About 12 years ago
Hi Freda your comments are much appreciated I do have a solicitor and we have issued section 25 notice. That is why the rent issue has come up fairly early. I think tenants agent is trying to bully me because I am not a professional so I probably will
have to employ one eventually even tho I have done a lot of research and believe my argument is a strong one Thanks again. Colin