DRS1: Commercial rent review dispute: application to RICS President for appointment
Application to President of RICS for the appointment of an arbitrator or independent expert on a commercial rent review dispute.
If it is not possible to settle a rent review amicably during negotiations, the rent review clause will generally lay down a procedure for the appointment of a third party. Provision will usually be made for the parties to attempt to agree themselves on the identity of a third party, or, in the absence of agreement, to apply to the president of RICS to make the appointment. This is the standard application form for appointment by the president.