How To Assess Rental Value For Building And Land

[metice]

I'd lke to negotiate a lease for a large plot of land and buildings and I was wondering if there are any guidelines for assessing the rental value.

It's located in the countryside, there's no mains electricity and the buildings have been unused for 15 years. It has stood empty for this period without any income for the owner.

I know the valuation of the land and buildings but not really sure where to start in terms of a rental fee.

[worgeordie]

Its all about what you are willing to pay in rent, you say you know valuation of the property,

that should give you a good idea of what the rent should be,BUT Thais always think their

property is worth a lot more than it really is.

So you know maximum what you want to pay,ask the owner what he wants to rent for,if its

less than your maximum,take it,if more you will have to try and negotiate ,its as simple as

that.

regards Worgeordie

[metice]

Thanks for your advice Worgeordie