Eddisons offers a comprehensive range of services when it comes to advice on your commercial property lease, part of that advice is particularly useful when tenants are presented with a rent review by their landlord.
The review may be unexpected or written into your original lease whereby after a certain period of time the landlord has the right to review the rent charges and adjust accordingly. We work with occupiers to ensure they are fully aware of how rent reviews work so that you're prepared and able to effectively negotiate so that you pay a fair market rent.
Rent reviews provide heightened flexibility for both landlords and tenants. They enable the rent payable, as per the lease, to fluctuate throughout the contract depending on a number of circumstances.
For example, a rent review could benefit a landlord whose property, and surrounding area, has experienced an uplift in market value. Likewise, a tenant could find a rent review advantageous to allow greater flexibility and manoeuvrability through short-term renting, regular break clauses and the opportunity to negotiate more favourable terms.
With a hugely experienced lease advisory team, Eddisons chartered surveyors are particularly well placed in advising on commercial rent reviews and can act on behalf of tenants in such matters. This formal representation ensures a level playing field and fair review process that provides you with strong lease terms moving forward.
If you are facing a rent review and would like advice as to the next steps, you can use the 'get in touch' form below and one of our team will contact you to discuss your options.
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