Rent Reviews

Commercial leases will often contain provisions for a review of the annual rent at specified intervals during the term of the lease. The methodology and procedure for reviewing the rent are outlined in the lease and typically the process involves the parties’ representatives putting forward their respective valuations and supporting market evidence in support of their respective cases and negotiating a settlement.

Where agreement cannot be reached, there will normally be provision for referral of the commercial rent review to a third-party surveyor who will act as an arbitrator or an independent expert.

Detailed knowledge of the local market and rental values as well as an in depth understanding of lease terms, statutory provisions and case law is critical in achieving the best result at rent review.

7 Tips to Navigate your Rent Review

At Roger Hannah we have extensive experience in acting on behalf of Landlords and Tenants of commercial property and have put together Seven Tips to a successful Rent Review exploring:

The Lease | When can I Review | Types of Rent Review | Expert Knowledge | Negotiations | Dispute Resolution | Completion

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