Maximise the return on your commercial property investment. Our specialist solicitors for landlords provide robust, commercially-focused advice on the entire rent review process, from serving notices correctly to negotiating the best possible outcome.
We manage the entire legal process to ensure a compliant and profitable outcome. Our process is designed for precision and commercial focus at every step.
We begin with a forensic review of your commercial lease, identifying the specific rent review clauses, dates, and procedures to form a clear strategy.
We work alongside your chosen chartered surveyor to ensure the valuation of the new market rent is robust and supported by the best available evidence.
We ensure all legal notices are drafted and served correctly, avoiding technical errors that could invalidate the review, before entering negotiations with the tenant.
We finalise the agreement via a formal Rent Review Memorandum or, if necessary, represent you in third-party dispute resolution to secure the new rent.
Our advice is always grounded in the commercial reality of your property investment. We focus on achieving the maximum possible rental income while protecting your relationship with your tenant.
Rent review clauses are strictly interpreted. Our meticulous attention to detail ensures that all notices are served correctly and deadlines are met, protecting your review from being invalidated.
Our goal is to reach a favourable settlement. If a dispute arises, we are experienced in all forms of resolution, including PACT and court-appointed arbitrators.
A rent review is a process agreed in a commercial lease that allows the landlord to periodically adjust the tenant's rent to the current market level. The specific timing and process are dictated by the rent review clause in the lease agreement.
Nearly all modern commercial leases contain an "upwards only" rent review clause. This means the rent can either increase to match the market rate or stay the same; it cannot go down, even if market rents in the area have fallen.
This depends entirely on what was agreed in the lease. The most common intervals are every 3 or 5 years, but we will review your specific lease to confirm the exact dates and terms.
Market rent is determined by looking at comparable evidence of recent lettings of similar properties in the area. This is typically carried out by a chartered surveyor, with whom we work closely to build a robust case for the new rental value.
If we cannot reach a negotiated settlement with the tenant, the lease will specify a dispute resolution mechanism. This is usually either an independent arbitrator or an expert determiner. We are skilled negotiators and can represent you in this process.
PACT (Professional Arbitration on Court Terms) is a dispute resolution service often used for rent review disputes. It allows an independent expert to decide the outcome, which is often faster and more cost-effective than going to court. We can advise if this is the right route for your situation.
Ensure your rent review is handled with the commercial focus and legal precision it deserves. Contact our specialist team today for a confidential discussion.
Request a Callback Today0330 333 8797
info@wildings-solicitors.co.uk
862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG
Monday to Friday
9.00am - 5.00pm
Wildings Solicitors are authorised and regulated by the Solicitors Regulation Authority (no. 552128). Wildings Solicitors is a trading name of Wildings Solicitors LLP, a limited liability partnership registered in England and Wales. Registration Number OC360274 registered office 862-864 Washwood Heath Road, Ward End, Birmingham, B8 2NG. A list of Directors is available from the registered offices. We do not accept service by email.
We improve our products and advertising by using Microsoft Clarity to see how you use our website. By using our site, you agree that we and Microsoft can collect and use this data. Our privacy statement has more details.
