The issue
The tenants sought a free-of-tie lease, but the proposed rent was substantially above their existing tied rent. The parties could not agree a figure.
The approach
MDE challenged the valuation using comparative evidence and represented the tenants before an Independent Assessor.
The outcome
The assessed rent was only marginally above the previous tied rent, allowing the move to a free-of-tie lease.
Why it matters
The rental evidence and the commercial effect of a change in purchasing arrangements need to be considered together.
This case summary describes an individual matter and does not disclose confidential instructions. Previous results are not a guarantee of future outcomes.