Do you have a potential rent increase hanging over your head?

 

Rent review clauses are a feature of most modern commercial leases and where the rent review is outstanding the landlord in the majority of cases can legally implement the review, backdate any increase and charge interest on the back rent.

The majority of rent review clauses tend to be upwards only. The key to optimal success in rent reviews is detailed local market knowledge and the time consuming task of analysing market trends.

Many rent review provisions are complex and expert advice is essential in virtually all cases. There are a number of issues with rent reviews that need to be taken into consideration such as:

•     Timetable for notices & whether time is of the essence
•     Floor area – as defined by the RICS Code of Measuring Practice.
•     Terms of lease to be assumed on review
•     Market comparables
•     Building/ unit specification
•     Dispute resolution and procedures
•     Modifications and improvements

Here at CVS we can look into all matters determining rental levels and we can put a robust case forward to your Landlord to get the best results for your business on a results only basis. Let CVS take the reins so you can be safe in the knowledge that we will work in your best interests on a contingency, risk free basis.