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Rents for Commercial properties leases in UK are usually reviewed every 3, 4 or 5 yearly. With our in-depth market knowledge, multi-skill and our regional database, we are best placed to negotiate an optimal rent settlement.
The rent review clause sets out when each review will take place, the method of review, assumptions and disregards to be made when valuing the premises for Rent review.
I wanted to give you a brief guide to rent review provisions so that when you are given a copy of a lease, you will know exactly what to look for.
Usually the commercial lease that are granted under Landlord and Tenant ACT 1954, The rent review provisions in a lease of commercial property are usually found in one of the schedules at the back of the lease. At the front of the lease, there will usually be set out the rent review dates.
We act for both landlords and tenants in relation to industrial unit, office and retail properties. Rent review negotiations require a full understanding of the intricacies of the lease and rent review provisions together with case law. We also prepare the required legal notices, rent review memorandum etc on behalf of Landlord and Tenant so our clients save more money by not appointing solicitor for the same. In the event of agreement not being reached by negotiation, third party (expert or arbitrator) appointment is required. An expert representation is required to present the best case at Arbitration or Independent Valuation which we are able to provide.
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We are passionate about educating and are consummately professional in everything we do, which is why we are the fastest-growing privately owned Property training company in the UK. To learn more visit www.propertyexpertsacademy.com
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Lease Renewal and Rent Review Valuation - L&T ACT 1954
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