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Commercial property > Rent review

  • Surveyors acting as expert witnesses

    06 July 2010

    The current (3rd edition - combined RICS practice statement and guidance note) of Surveyors acting as expert witnesses applies to surveyors when providing expert evidence, whether oral or...

  • IT systems: commercial property - Rising above it

    13 April 2010

    It is difficult to stay out of the detail when managing Corporate Real Estate (CRE). Property systems for this sector are improving, but still have a long way...

Summary

The rapid rise in rental value of commercial properties in the 1970s and 1980s led to the introduction of regular rent reviews in commercial leases. This in turn has led to legislation and case law over valuation methods and the interpretation of rent review clauses, as landlords seek to maintain income growth and improve the value of their investments and tenants seek to control the cost of the occupation of property. Key topics include initiating the review; basis of rent assessment - market rent, geared rents, turnover rents and index-linked rents; rent assessment assumptions and disregards; negotiation; and dispute resolution.

This section is maintained by Mark Loveday of Tanfield Chambers.