Morgan & Clarke were approached by the Tenant of an extremely well-presented thatched roof destination public house in Dorset. The Tenant faced a proposed 14.85% rent increase.
We supplied clear valuation advice and guidance to our client with solid recommendations on how to proceed with the negotiations. Morgan & Clarke were favoured with the instruction of handling negotiations on behalf of the client and were able to reach settlement with Stonegate.
1. Stonegate Rent Assessment Proposal - £48,000
2. Passing Tied Rent - £41,800
3. Negotiated Tied Settlement - £41,800
Morgan & Clarke successfully negotiated an agreement of a nil increase in the passing rent. This represented a fair outcome and saved fees associated with a referral to a third party for rent determination.
Our team can help with rent reviews, lease renewals, third-party representation, Pubs Code / MRO, general advice on all lease-related matters, Landlord & Tenant issues or disputes.