Commercial Lease Rent Review Solicitors

Most commercial Leases (and Underleases) will set out the amount of rent the tenant has to pay for the first few years (usually 3 years, but sometimes 5 years). When that period comes to an end, the landlord is entitled to call for the amount of rent to be increased to keep par with inflation or with higher rents payable on similar premises in the locality. This process is called a “rent review” and can have a significant impact on landlord and tenant.

The procedure for reviewing the rent differs from lease to lease and is normally quite complex.  Failure to comply with the exact requirements of the Lease can have disastrous consequences for the tenant or the landlord.

For example, a particular form of notice may have to be given by a certain date. Our experienced commercial solicitors at Business Lawyers Direct will ensure that the right form is given at the right time, giving you peace of mind.

We will also advise when to call in a surveyor to assess the amount of any rent increase and how the new rent must be recorded with the Lease.

Call Business Lawyers Direct today on 0845 371 0701 or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.