Primary Care rents are governed by the NHS Premises Directions and referred to as Current Market Rent or Notional Rent. The rent is assessed by the District Valuer (DV) whose role it is to ensure that value for money principles are adhered to in the best interests of the public purse.
Rents are reviewed every three years. The DV proposes a new rent to the Practice who can either accept it or negotiate a more agreeable figure. If agreement is not reached then the matter is referred to an Expert for determination following submissions from both parties.
There is a legal mechanism in rent reviews and in leased premises Practices now have to be proactive so as not to be at a disadvantage.
If a Practice own their building it is likely that they will have third party tenants such as a pharmacy. We have extensive experience in undertaking rents reviews in the specialist world of primary care centre pharmacies.