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hi hello everybody welcome back to my lecture series on landlord and tenant valuations today I would like to discuss on least surrender and renewal and how to value the rent for the new lease this is my lecture outline mainly on the definition of the sowing the renewal of reason police around renewal benefits well a lot valuation approaches history examples a surrender a renewal is about the tenant requests to surrendered assisting lease back to the landlord before the expiry of the term in return for the grant of a new lease of the same property this is a voluntary arrangement all right the term of the agreement must be mutually acceptable by both landlord and tenants the landlord may take the opportunity to revise the rent and terms of the occupation reading the new lease there are many reason police surrender everyones okay the first reason is for the lease security then would seek for surrender and renewal when the existing and aspire term of this offers insufficient security do y