Establishing the open market rental value of property at the date of review can become a protracted and adversarial process, with landlords and tenants typically having wildly differing aspirations.
Technical expertise and local market knowledge enable North & Letherby to provide advice and negotiation support on rental value. We prefer to follow a carefully planned strategy rather than one which reacts to the approach of the opposing party.
It is an unfortunate fact that, despite our best efforts, a negotiated settlement may not be achieved. In these circumstances, North & Letherby are well placed to prepare arbitration and independent expert reports. We have a detailed knowledge of the statutory framework provided by the Arbitration Act and of the procedural requirements of Independent Experts.