Travelodge Rent Review Clifton Way, Cambridge
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Travelodge Hotels Limited
Clifton Way, Cambridge
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Hotels Automotive and roadside
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@ Kate Procter
Kate Procter
Partner, Commercial Valuations
01223 346624 Email me About Kate
William Rooke
Partner, Commercial
01223 326815 Email me About William
Kate is a qualified arbitrator and commercial surveyor who has lived and worked in Cambridge and the Eastern region for over thirty years specialising in the delivery of both lease consultancy and valuation services for clients.Kate provides: ? Experience in negotiating rent reviews, lease renewals and regears; the preparation of Expert reports for third party determination and Expert witness reports for Court; strategic leasehold advice to landlords and tenants.? Experience in Red Book valuations for secured lending, financial purposes, asset valuations and Charities Act valuations.

Carter Jonas were appointed to advise the client on the likely outcome of the outstanding rent review where the rent quoted amounted to an increase of nearly 47% on the passing rent.

Travelodge required Carter Jonas to negotiate with the landlord’s agent with a view to avoiding the uncertainty of a third party determination, whilst achieving the best possible reduction from the landlord’s quoting rent.

Carter Jonas’s role included reviewing title documents and interpreting the rent review provisions within the lease, assembling and adjusting comparable evidence to support the client’s case. Additionally identifying relevant factors to limit the rent increase, specifically the shell condition in which the premises was let and falls to be valued for the purpose of the review. We were able to negotiate a considerably reduced rent increase of approximately 21%, recommending settlement to the client and overseeing the completion of the rent memoranda to document the settlement.