Rent Reviews are an important stage in the occupation of leasehold property.

For the landlord, he represents an opportunity to receive an increased rent and for the tenant, it represents a situation where the cash flow of the business will be affected.

Most leases provide for upward only Rent Review. This means that the rent can never be lower than the level it was when the lease was granted.

The amount of rent payable on a Rent Review is by and large determined by the rents payable as at the review date in the vicinity.

The lease also sets out the basis upon which the property is to be valued.

There is case law and legislation governing the way in which a Rent Review is to be handled and that is the responsibility of the surveyor to ensure that all factors are considered when advising and representing either a landlord or a tenant.

For further information or an initial consultation, please do not hesitate to contact Jonathan Brickman who would be happy to discuss your particular case.