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Rent Reviews for the Landlords

Commercial Property Solicitors in Birmingham & Manchester


Our Commercial Property Solicitors regularly act for clients in negotiating the lease terms to re-align them with tenant’s business needs and achieve some value benefit for landlords. For example, if a tenant knows they want to stay in occupation a little longer, the parties can add a further few years to the end of the term of the lease. This helps both parties and increases the investment value of the landlord’s property.

Wildings can help you negotiate with your tenants and we can liaise with surveyors to accurately assess what rent can be achieved or what other terms can be negotiated.

If you are granting a new lease you may want to think about other ways to review the rent rather than the traditional open market review. For example, fixed stepped increases or increases linked to the retail prices Index.

If you are granting a new lease you may want to think about other ways to review the rent rather than the traditional open market review. For example, fixed stepped increases or increases linked to the retail prices Index.

Unfortunately, rent reviews of commercial property can often lead to disputes between landlords and tenants. Having the assistance of a specialist can help to reduce this risk and ensure you are protected in the event of a dispute occurring.

Contact our team to discuss commercial rent reviews today. Freephone 0330 333 8797 or email us at info@wildings-solicitors.co.uk.

Rent Reviews for Landlords

In recent times short term leases have become much more prevalent. However where a commercial lease is granted for 10 years or more there will usually be an upward only rent review provision at intervals of 5 years. The rent is normally reviewed to the open market value that could be achieved based on a number of assumptions set out in the lease. If the parties cannot agree then the lease will normally provide for the matter to be settled by either arbitration or by the appointment of an independent expert to make the final decision.

Rent reviews for the Tenants

If you are a tenant and your landlord suggests a new rent at rent review time, you should not just accept this without seeking proper advice. The landlord has to agree a new rent in accordance with the lease terms. Most leases will contain detailed provisions governing how a rent review should take place.

It helps to speak to a professional commercial property solicitor to make sure that the review is being conducted property and to prepare for negotiations with your landlord.

Book your free initial consultation with our Commercial Property Solicitors to discuss commercial rent reviews today. Freephone 0330 333 8797 or email us at info@wildings-solicitors.co.uk.

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