When negotiating or reviewing a real estate lease, correctly understanding the rates and terms of the lease is critical.
Whether you are a tenant or a landlord, it is always advisable to seek advice from a qualified appraisal and consulting professional who will complete a review of the lease and an analysis of relevant market data, to provide you with an opinion of current market rent.
A lease analysis and recommendation can be used to facilitate discussions between a landlord and a tenant during initial negotiations, or for the purpose of a renewal. At the time of the renewal, if the two parties cannot agree, it can be used in arbitration as expert evidence.
Kent-Macpherson’s due diligence is applied during a thorough analysis of a lease, with a competent understanding of lease terminology and market rent. Our professional staff have been involved in all types of lease evaluations and in every role supporting the lease negotiations or arbitrations process.
“Kent-Macpherson has served our appraisal and advisory needs extremely well for many years. No matter what the issue, they approach it with tact, professionalism and commitment. Their valuation expertise rivals any firm in the Province that I have worked with.”
Doug Gilchrist, CAO City of Kelowna