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 conducted rent reviews can cause financial loss and damage your credibility with the other party and as a business. Marchmont can prevent this.
The rent review clause in a commercial lease sets out how the new Market Rent is determined: the method of review, the assumptions and disregards used in the valuation, the procedure to follow, and how disputes are resolved if they arise.
We’re highly experienced in rent reviews across the UK, acting for retailers and corporate occupiers, and can assist at every stage — from budgeting through 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