Having a rent review completed ever few years guarantees that the rent being paid reflects the current rental value. Rental review and rent determination are either completed in cases of long-term lease renewal; or to determine the current fair market value when there is a dispute between tenant and landlord.
Valuations QLD is registered with the Australian Property Institute (API) and meet the API requirements to complete an industry-standard rental determination. Valuations QLD have been producing Rental Review and Rental Determination valuation reports for a number of years across Brisbane CBD, Sunshine Coast and Gold Coast areas. Our team of property valuers are locally based and have completed thousands of cases over the years across commercial, industrial and residential properties.
A rental determination completed by an expert provides factual evidence to assist when going into rental negotiations. It can also prevent going into litigation in cases where negotiations break down between parties. In cases where litigation ensues, our property valuers can present in-court evidence as an expert witness.
As an independent valuation company, all valuation reports are based on factual evidence to reach a fair decision. Our reports take into account the location, property size, building condition, property facilities and amenities and comparable leases in the local area.
If you require a rental review or rent determination, please call us on (07) 3067 2393 for a free quote or fill out an online form.