Our Rental Assessment Process

1. Define Objectives & Scope 

The first step is to fully understand your requirements under the lease. We will begin with an initial consultation to clarify the purpose of the assessment and ensure a comprehensive understanding of the lease terms and your objectives. This includes identifying whether the engagement relates to a market rent review, lease renewal assessment, dispute resolution, or rental determination.

What Happens:

• We discuss the property type, your specific requirements, and timelines.

• We clarify whether the appointment involves both the landlord and tenant or a single party.

• I review the lease agreement to identify key details, including rent review clauses, terms, and conditions.

• Together, we set the scope and objectives for the assessment, tailored to your needs or the lease requirements.
  
  

2. Lease Review & Information Gathering 

Once the scope is agreed upon, I will request all relevant lease-related documentation. This may include the lease agreement, incentives, outgoings, property plans, and any correspondence between parties. This step ensures I have all necessary information to deliver an accurate, market-aligned rental assessment.

What Happens:

• I review all documents to understand lease terms, rent adjustments, and other relevant clauses.

• We identify adjustments, such as incentives or rent-free periods, that may influence rental value.

• You provide any additional documentation, such as outgoings or tenancy plans, that could impact the assessment.
  
  

3. Site Inspection & Market Research

With the lease details clarified, I will schedule a site inspection of the property. This allows me to collect critical information on size, condition, and location—factors that directly affect rental value. I will also conduct market research, reviewing comparable leases in the area to ensure the assessment reflects current market conditions.

What Happens:

• I inspect the property, assessing condition, layout, and features that could influence value.

• I gather market data from recent leases of comparable properties.

• I evaluate local market trends, including supply and demand factors, to determine their impact on rental rates.
  
  

4. Rental Assessment Report

Following the site inspection and market research, I prepare a detailed rental assessment report. This report summarizes my findings, including analysis of lease terms, comparable market data, and my final rental conclusion. It is tailored to your specific needs and suitable for lease negotiations, dispute resolution, or SMSF compliance.

What Happens:

• I produce a comprehensive, evidence-based report with clear findings and recommendations.

• The report includes detailed market evidence, analyses, and any adjustments based on lease terms.

• You receive the report in a clear, accessible format, ready for use in negotiations or decision-making.
  
  

Note: The process may vary depending on the terms and purpose of the engagement. All timelines and conditions will be outlined in a professional service agreement, prepared on a case-by-case basis.

All retail rental determinations will be completed in accordance with the process outlined by the Retail Shop Leasing Act 1994.