Rental valuations

Where IPSA considers it appropriate, it may decide to check whether a rental or licence agreement represents fair value for money. Where this happens, IPSA will arrange for the market rate to be assessed by an independent valuer regulated by the Royal Institution of Chartered Surveyors (RICS).

While not an exhaustive list, IPSA may do this:

• Where a constituency office is rented from a political party or a local party association.

• Where an MP licenses or sublets their constituency office or part of it to a political party or constituency association.

In all cases, the rent charged under a lease, licence or subletting arrangement must be in line with the current market rate.

Valuation selection criteria

When selecting a property to be valued, we consider several criteria including:

• Who is the landlord?

• Who is the subtenant?

• Is the property being shared?

• Has the rent increased, and by how much?

• When was the last valuation performed?

Guidance updated on April 2026.

When we decide to organise an RICS valuation, we will contact the MP with an introductory email to our chosen surveyor.

The surveyor will arrange a time and date for access to the property with the MP or their office.

We provide the lease agreement to the surveyor so they know exactly what services, area(s) and property to value.

The completed valuation will be reviewed and we will be in contact if required.

Details of the valuation are available upon request.

IPSA-instructed surveyors will not provide:

• Property condition reports including structural surveys

• Dilapidation and insurance surveys

• Pre-agreement rent or rent renewal valuations

If these are required for your constituency office, MPs can fund the costs of their own surveyor from their office costs budget.

Funding for these costs are not available from the accommodation budget.

MPs should always ensure a fully qualified surveyor is used – such as a RICS Member (MRICS) or RICS Fellow (FRICS).

A fully qualified chartered surveyor does not include an Associated member (AssocRICS) or non-RICS surveyor.

MPs should always seek the best value for money. If they can negotiate a cheaper rent than the market rent, they should do so. A rental valuation may help inform those negotiations but is not obligatory.

Guidance updated on April 2026.

An MP wants a rental valuation survey to ensure they are achieving value for money and not paying above-market rent – will IPSA pay for this?

If an office wants to be sure they are not paying over-the-market rent, the office is free to organise their own surveyor. This is like arranging their own solicitor to look over the lease terms to avoid future exposure or risk.

They can request funding for these costs from the office costs budget.

IPSA wants a rental valuation survey – will IPSA pay for this?

If IPSA decides to conduct a rental valuation, we will instruct our provider and pay for the valuation.

The cost will not come from an MP’s budget.

Why will IPSA not pay for a rental valuation survey from a central budget if an MP requests one?

1. A valuation is no longer required to register a property.

2. MPs should seek value for money in all aspects of their business costs including rent. MPs may choose to get a market valuation to help achieve value for money in any rent negotiations. MPs can also contact local property agents, conduct online research with portals such as Rightmove or Zoopla and ask existing or neighbouring tenants.

3. MPs may want additional surveyor services such as a condition report on the property. This is not covered in IPSA’s contract with the provider.

4. Due to the number of instructions and contract terms, we cannot guarantee that a survey will be completed within any required timeframes, such as before a lease is signed, starts or is renewed.

5. The valuations we receive are for the limit (minimum or maximum) that we should fund and will be based on the specifics of the lease.

What happens if the rent an MP is paying/receiving does not match the valuation from IPSA’s provider?

We will be in contact should there be any discrepancy between the rent being paid and the valuation from our provider.

Depending on the size of the discrepancy, the action could range from an advisory note to limitations on what rent we can pay.

In exceptional circumstances we may need to put an immediate hold on payments while we investigate further, but in all circumstances we will inform you of the situation and actions to be taken.

Guidance updated on April 2026.

When selecting a property to be valued we consider several criteria, including:

• Who is the landlord?

• Who is the subtenant?

• Is the property being shared?

• Has the rent increased, and by how much?

• When was the last valuation performed?