Rent reviews allow the periodical adjustment of a commercial rent to the new Market Rent current at the date of review. They take place at intervals as set out in commercial leases, typically every three to five years.
Poorly or amateurly conducted rent reviews can cause financial loss or loss of business credibility, something Marchmont can stop on instruction.
The rent review clause within a commercial lease sets out how to determine the new Market Rent: the method of review, assumptions and disregards to be made when valuing the premises for the purpose of rent review, the procedure to be followed and provisions for dealing with disputes if or when they arise.
Marchmont are highly experienced and skilled in the ‘dark arts’ of Rent Review across the UK, acting for retailers and corporate occupiers and can assist you at all stages of the process from budgeting to Expert Witness Reports
FOR FURTHER INFORMATION
Contact Ashley Miller
Director
- DD.020 7409 5473
- M. 0785 069 1494
- E. [email protected]
- 22 - 23 Princess Street, London, W1B 2LU