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Isn't it great that CIP is unregulated unlike retail where the tenant only pays their own legals.. The lessee should have capped their liability for the lessor's costs. That alone would have paid for a tenant's advocate ;)

Even when the lawyer washes their hands of the commerciality of the deal, a simple (off the record) comment that a 7% pa fixed rent review will mean that your business will need to grow by at least 7% pa to keep the status quo regarding occupancy costs as a % of turnover. I have dealt with...

Just because a lawyer has reviewed the lease doesn't mean that the deal is commercial (as the commercials are part of the deal which was struck by the lessee/lessor, it was agreed). Unfortunately a valuer has to see through the deal when it comes to determining market rent and value...

Only page 33? (and the lease schedule, rent review clause, option clause, insurance provisions, guarantees etc....)

That is why you attend CPD courses at the API, PCA etc to network with those in the industry (commercial, industrial & retail sectors) and build on your knowledge.

OK you want to break the code of silence to which all the players have sworn their allegiance. The larger commercial property brokers eg JLL, CBRE, Knight Frank etc all undertake market research AND publish the information either freely available or by subscription. Companies like BIS...

The answer to many of these questions Wobbly lie in research. Rental rates - asking $/m2 Incentives Work back from your cap rate to get price.