District valuer disputes
& rent review services
Specialists in the primary care property sector
We are regulated by the royal institution of chartered surveyors.
Notional rent, market appraisal, rent and lease reviews
District valuer disputes & rent review services
We are recognised as one of the foremost specialists in the primary care property sector. Our team, consisting of highly experienced experts in the field, are trusted by primary care organisations across the country. You can be confident in our adherence to the highest standards, as we are regulated by the royal institution of chartered surveyors.
Notional rent
Notional rent is a critical component of compensation for those providing primary care services from their own premises. To ensure that this rent accurately reflects current market conditions and remains fair, a notional rent review must be conducted every three years, typically by the district valuer (DV) on behalf of the NHS.
If your review is overdue, it is crucial to act promptly by requesting the NHS to issue CMR1 forms. This step will initiate the necessary review process and help adjust the notional rent to align with the most recent evaluations. Taking this action ensures that you are receiving fair compensation and avoids potential discrepancies in your rent assessment.
Market appraisal
We will conduct a detailed onsite market appraisal of your premises, drawing on our extensive and unrivalled database of local, relevant, and comparable evidence to determine if an appeal is warranted.
Our experts will then negotiate directly with the DV to secure the best possible notional rent reimbursement, aiming to boost your income. An increase in notional rent not only enhances your immediate revenue but also has the potential to significantly increase the capital value of your premises.
Let us help you maximise both your income and property value through our proven expertise and strategic approach.
The importance of specialist support
To ensure that you receive fair and accurate compensation, it is essential to seek specialised, independent advice to thoroughly review the DVs assessment of your notional rent reimbursement.
This step is crucial for verifying that the reimbursement aligns with current market values. Contrary to some NHS correspondence, which may inaccurately suggest a shorter timeframe, you have a legitimate right to contest any aspect of their contract, including notional rent, within a three-year period.
We have successfully overturned attempts by certain NHS area teams to impose a restrictive three-month deadline, reinforcing that the full three-year period for disputes is both valid and crucial for protecting your interests.
Rent and lease reviews
We also offer a highly specialised consultancy service tailored to the unique needs of both primary care tenants and landlords. Our expert advice covers every aspect of rent reviews, lease renewals, and new lease negotiations. By deeply understanding your specific needs and goals, we are committed to safeguarding your interests and achieving the most advantageous outcomes.
With our strategic insights and rigorous negotiation, we ensure that you secure the best possible terms and maximise your benefits. You can trust us to navigate the complexities of property agreements and deliver results that truly align with your objectives.
The 2013 premises cost directions for leased premises within the primary care sector, mandate that a revised rent agreement must be formally established between the tenant and landlord before the DV is able to review rent reimbursement. Therefore, it is imperative that primary care tenants seek specialised, independent representation to examine all contractual aspects, mitigate financial risks, and ensure the maintenance of rent reimbursement eligibility under any revised or newly established agreements. This formal and thorough approach is essential to safeguard the tenants' interests and secure optimal contractual terms.
Sales and leaseback
Sale and leaseback involves the sale of a freehold interest in a primary care premises to an investor, while concurrently granting a leaseback arrangement to the contractor. The contractor will continue to occupy the premises and provide the requisite medical services under the terms of the lease. The contractor will be responsible for paying lease rent to the investor, while receiving a rent reimbursement from the NHS based on prevailing market rates.
The purchase price will be determined through a rigorous specialist valuation, which evaluates the investment value of the property. This valuation involves the assessment and capitalisation of the notional rent, as well as any additional income derived from the premises, such as pharmacy rent or other ancillary revenues. The valuation process incorporates a thorough analysis of market conditions, income potential, and specific property characteristics to establish a precise and equitable purchase price.
If you choose the sale and leaseback option, this will enable you to continue operating from your existing premises while relinquishing the risks and responsibilities associated with property ownership. By transferring the freehold interest to an investor, you can maintain your current location under a lease agreement, thus avoiding the financial and managerial burdens of ownership. This arrangement provides enhanced flexibility and facilitates the management of future succession planning by structuring the lease to align with long-term objectives and ensuring a seamless transition.
The benefits of sale and leaseback
Firstly, the sale and leaseback arrangement enable the release of equity by alleviating the ongoing burden of capital investment. This process permits you to access the value tied up in the property, allowing for reinvestment into your business or allocation for other purposes, without the need for continual capital expenditure on the premises.
Secondly, it serves as an effective means of attracting new stakeholders to your business, as it eliminates the necessity for an initial capital investment. This approach makes the opportunity more accessible and attractive to prospective stakeholders or partners who might otherwise be discouraged by the requirement for substantial upfront capital.
Thirdly, this arrangement provides a viable solution for those seeking to retire by facilitating the transfer of the lease to a new party. This ensures continuity in the management of the premises and supports effective succession planning. Finally, the arrangement typically includes provisions for ongoing property maintenance. This support ensures that you can focus on your primary responsibilities, such as service delivery and patient care, rather than being occupied with property management issues.
As independent specialists in primary care, we will leverage our extensive expertise to meticulously manage the entire sale and leaseback process, allowing you to concentrate on the operational aspects of your organisation. Our comprehensive service is designed to ensure the protection of your interests and encompasses the following steps:
We will perform a detailed and precise valuation of your medical premises, considering all relevant factors to provide an equitable market assessment.
We will prepare and draft the heads of terms for the lease agreement, outlining the principal conditions and terms that will serve as the foundation for lease negotiations.
We will manage the process of obtaining the requisite approvals from NHS England or the pertinent regulatory body, ensuring that all regulatory and compliance requirements are fully addressed.
We will market your property to a targeted network of specialist primary care investors, thereby maximising exposure to potential buyers who have a particular interest in primary care assets.
We will engage in negotiations with prospective investors on your behalf to secure the most favourable price for your asset. Our objective is to achieve the highest possible value through strategic and effective negotiation.
We will coordinate with key professional partners, including accountants, solicitors, and tax advisors, to ensure that all facets of the transaction are handled with the utmost professionalism and efficiency.
We will oversee all aspects of the transaction from initiation to completion, ensuring that each stage of the process is managed effectively, and that the transaction concludes smoothly.
By entrusting us with the management of your sale and leaseback transaction, you can be assured of a thorough and formal approach that prioritises your interests and facilitates a successful outcome.
Why choose us
We offer unparalleled UK-wide coverage and are recognised as top leaders in representing primary care organisations. With a demonstrated history of significantly increasing income for numerous primary care organisations, we are well-equipped to boost your revenue. Our client-focused approach ensures that you will benefit from our strong, established relationships with local NHS bodies and the DV.
We operate on a success-based fee structure, which means you face no financial risk if we do not achieve a successful outcome. When we do succeed, our fee is calculated as a percentage of the increased income resulting from the revised notional rent assessment. This performance-driven approach guarantees that our interests are aligned with yours, ensuring you only pay when you see tangible results that enhance your organisation’s financial performance. Partner with us to maximise your income with confidence and no upfront cost.
