Surveyors acting as experts in commercial rent determinations (Hong Kong)

This joint HKIS and RICS guidance note is designed primarily to assist those who are appointed by the President, or directly by the parties, to act as experts in disputes as to rental value for commercial properties. It is also intended to assist the parties themselves, and those acting for them, by making them aware of the procedures likely to be followed and issues involved.

The guidance note is not intended to provide guidance to those acting as arbitrators where other specific procedures will be relevant. A surveyor may also be called upon by the parties to a lease to determine other matters in dispute, such as a valuation in connection with an option to purchase.

The guidance note sets out, in general terms, the basic principles that would apply.