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News Article Comments : 'Rent reviews stacked against tenants'
A tribunal system funded by Government or a fixed cost expert referral scheme run by the BII were two solutions suggested to help tenants get a better deal at rent review time at the pubco inquiry.
Speaking at the Business and Enterprise Committee, David Morgan of Cookseys DMP and a Fair Pint founder, said there was “no transparency” in the rent review process. He claimed that pubcos hardly ever provide calculations on how they have arrived at a rental figure, leaving tenants with little chance.
Morgan said he would like to see a tribunal system set up, comprising of lawyers, accountants and surveyors, with help on costs from central Government. He also said the six recommendations made by the 2004 Trade and Industry Select Committee to the Royal Institute for Chartered Surveyors (RICS) must be included in its guidance. “We must have an absolute insistence on transparency in rent negotiations,” he said.
Martin Willis, Fleurets managing director and chairman of the Royal Institute of
| Author Name | Opinion | Reply |
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El Niño 27/02/2009 15:55:10 |
RE: 'Rent reviews stacked against tenants' "Martin Willis, Fleurets managing director and chairman of the Royal Institute of Chartered Surveyors (RICS) Valuation Group said the BII was thinking of trialling a scheme to help tenants deal with rent reviews." Martin Willis FRICS: "Martin joined Fleurets in 1984 after spending 4 years at Bass plc and 6 years at the Inland Revenue Valuation Office prior to that. He is based in the London office and is involved with hotels and all forms of licensed property, portfolio sales and valuations, tax and compulsory purchase valuations, rent reviews and estate management advice to small companies. He has acted as Expert Witness on a number of occasions. Martin is a Fellow of the Royal Institution of Chartered Surveyors, sits on the Royal Institution of Chartered Surveyors Trade Related Valuation Group, and is on the RICS President's Arbitration Panel. Martin sits on Fleurets’ Executive Board." This post replies to this thread |
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Stephen Corbett 27/02/2009 17:12:50 |
'Rent reviews stacked against tenants' This is how independent Martin Willlis really is http://www.mypublife.com/my_pub.asp This post replies to this thread |
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Nigel Wakefield 27/02/2009 20:23:13 |
'Rent reviews stacked against tenants' Martin Willis claimed to act for both tenants and Pub Co's. When did he last act for a tenant and how many has he acted for in the last ten years. I sat next to his Chairman for lunch who claimed that his fees were £300+ an hour and similar for his senior staff, how many tenants can afford those fees. If any reader of the Forum has used his services would he please let us know and how good was he. This post replies to this thread |
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| martin kay 28/02/2009 16:37:58 |
'Rent reviews stacked against tenants' I think he ran a Consultancy called something like Pub Expert when he was not otherwise employed? Or do you know otherwise? This post replies to Nigel Wakefield > 'Rent reviews stacked against tenants' |
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| info man 28/02/2009 16:57:34 |
'Rent reviews stacked against tenants' Hi nigel, be hasn't wriggles back and I am sure they wouldn't want him This post replies to Nigel Wakefield > 'Rent reviews stacked against tenants' |
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| Nigel Wakefield 02/03/2009 20:17:38 |
'Rent reviews stacked against tenants' He is still listed as being on the RICS Valuation Committee with a whole lot of other RICS members who would appear to enjoy the major Pub Co's patronage. It makes very interesting reading, we were unable to find anyone on the Committee whose sole or major involvement was serving lessees. The Committee would appear to be totally stacked against the lessees, anyone that would like me to email the list contact me at info@buyingapub.com, I will also attach some interesting observations. It would appear that a lot of people are questioning the possible integrity of this Committee and in turn the role that the RICS has to bear in the problems generated. The more people that question their activities the greater the chance of serious change. This post replies to info man > 'Rent reviews stacked against tenants' |
