Rent Reviews can be a cause for concern and contention between landlord and tenant. This is highlighted by the fact that the concept of a Rent Review is between a hypothetical landlord and hypothetical tenant, with various assumptions that may not reflect current market conditions.
Early consideration in respect of a Rent Review is highly recommended and in our experience is time never wasted. This provides ample time for the terms of the lease to be clarified and a report provided, highlighting the rental value under the lease and the implementation of a strategy for undertaking the Rent Review, whether for landlord or tenant.
At Rent Review we would undertake the following: