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“Notional Rent”, which is also known as “Current Market Rent” is the system of reimbursement that a practice receives from the NHS when a GP Contractor owns the property from which they provide GP services.
The aim of Notional Rent is to provide the Practice with a fair “Market Rent” for their surgery (limited to the parts of the property approved for GMS or PMS services and accepted for reimbursement) and the Notional Rent is usually reviewed every 3 years.
At each Notional Rent Review the NHS typically instruct the District Valuer to undertake a Notional Rent assessment which is then reported to the practice for consideration and acceptance. Practices have the right to challenge the District Valuer’s opinion up to 3 years following notification of the assessment.
There are a few key ways to help maximise your Notional Rent:
Sue Pyatt, Practice Manager
Francis Mulhern, Bretton Medical Practice Peterborough
Dr Adnan Mohammad, GP Partner, Newsome Surgery, Yorkshire
Jill Foster, Practice Manager, Beacon Primary Care, Lancashire