This cheatsheet includes practical tips to understand key clauses and avoid disputes in leasing agreements.<\/p>\n <\/div>\n \n\nDownload Now<\/a> <\/section>\n <\/div>\n\n\n\n\n There are many things you need to understand about commercial lease rent reviews. In this article, we have selected four key points about rent reviews to help you to understand the topic better.<\/p>\n\n\n\n A key point about commercial lease rent reviews is that not all rent reviews will be the same type. Instead, there are various sorts of rent reviews which all work differently. Depending on what type of rent review clause you have, the commercial landlord will calculate your rent in line with this. The three common rent reviews are:<\/p>\n\n\n\n If you are a commercial tenant, you may not know you have a right to negotiate your rent review clause before entering the lease. This is a crucial point to understand about commercial lease rent reviews. Your rent review clause determines the money you must pay your landlord, so it is in your interest to have a say in this.<\/p>\n\n\n\n When you negotiate a rent review clause, you can do so to the following elements:<\/p>\n\n\n\n A key point to note about commercial lease rent reviews is to be aware of delays. Although the rent review clause in your commercial lease may detail the frequency or date of rent review, it may not occur then. If you are a commercial landlord, you are not obliged to conduct the rent review when it arises. You may be busy with other things which are not your priority. <\/p>\n\n\n\n However, if you are a commercial tenant, you must understand what it means if your landlord delays the rent review. Many tenants incorrectly believe that a delayed rent review means the rent does not change. However, the reality of a delay to a rent review means that once it does occur, the change in rent will backdate<\/a> to the due date of the rent review. Accordingly, you will owe the difference in the rent rise from that date. <\/p>\n\n\n\n Commercial lease rent reviews can understandably lead to disputes between the two parties. This is a crucial point to be aware of for rent reviews. A commercial tenant will not always agree to the rent increase amount, and where this is the case, the rent review clause should detail how to dispute it. If you are a commercial landlord, you must think carefully about this and ensure that it is evident in your rent review clause.<\/p>\n\n\n\n A dispute for a rent review will often be through a third-party dispute process. The lease agreement will explain what this is for your lease and may involve an independent surveyor deciding the rent from now on.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\nKey Points <\/h2>\n\n\n\n
1. Type <\/h3>\n\n\n\n
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2. Negotiate<\/h3>\n\n\n\n
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3. Delays<\/h3>\n\n\n\n
4. Disputes<\/h3>\n\n\n\n
Rent reviews usually occur every three to five years in a commercial lease. However, to ensure that a commercial lease rent review will take place in your lease, you will need to check the rent review clause.<\/p>\n\n\n
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\n Cheatsheet for UK Leasing Terms<\/div>\n
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