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Michael Lever

Michael Lever
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Michael Lever, also known as The Rent Review Specialist, is a commercial property surveyor and author specialising in rent review and business tenancy advice for landlords and retailers in England and Wales.
1.0  Introduction  1.1 -  At rent review, the starting point obviously is to read the lease. I say ‘obviously’ because it never ceases to amaze me just how many landlords and tenants I come across having a go at rent...
In 1978, I published a pamphlet "The Framework of Rent Review Clauses" which was given free publicity in leading law and property journals. In 1983, I published a 28-page booklet ' How to do a Rent Review’; priced at...
The above video (a 1984 documentary) is worth viewing* for the insight it offers into short-term thinking. (*Approximately 50 minutes) Some years ago, on a new development of private housing (constructed in about 1993), a friend decided to update the...
Decorating

Rent-free period

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Commercial Tenancies: The idea of the full repairing (including decorating) lease is that when the tenant yields up the premises on expiry of the contractual term, or sooner termination, the state of repair and condition that the premises are left...

No laughing matter

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Part I of the Landlord and Tenant Act 1987 gives residential tenant leaseholders in a mixed-user building (subject to qualifying criteria) the right of first refusal should the landlord want to sell. Normally, the required notice is served on...
Assuming a commercial property is let already, the proposition an income-producing investment, the investor would be buying the building/property, not the tenant's business. Since the purchase price is geared to the passing and reversionary rent, it is normal to...
With 3 institutions (so far) suspending dealings in their commercial property funds, the downside of investing in such funds has emerged. The past few years have been very good for such investors (and fund managers), but now that share prices...
On the subject of Brexit - don’t say I didn’t warn you - https://www.landlordzone.co.uk/industry-expert-guest-writer/michael-lever/brexit-aftermath - we are now being told that businesses including but limited to property investors do not like uncertainty. That’s a myth, surely? Regardless of how good a...
I hesitated whether to contribute my tuppence-worth to this momentous occasion. Of the three taboo subjects - religion, sex, politics - that one is not supposed to talk about in polite society, nowadays politics is possibly higher up on...
I am revisiting ITZA in the light of an experience I am enduring concerning some tenants that are inexperienced of rent review. Tenant contention is that an ITZA adopted/agreed for a previous review should be used again for a...