Commercial Lease: Rent Review Solicitors

If you are a landlord and are planning on conducting a rent review, or you are a tenant whose rent will soon be up for review, the solicitors at Business Lawyers Direct can help you manage the process quickly and efficiently. We will also make sure all paperwork is completed in a timely fashion, ensuring the process is completed quickly and efficiently.

Commercial lease rent reviews

Most commercial leases and underleases will set out the amount of rent the tenant has to pay for the first few years of the tenancy; this is usually 3 years, but can sometimes be 5 years. When this initial period comes to an end, the landlord is entitled to conduct a rent review, which will reassess the amount a tenant is required to pay, taking into account inflation and local comparable properties.

How can Business Lawyers Direct help?

Whether you are a commercial landlord or tenant, the outcome of a rent review could have significant impact on your business. Our experienced solicitors will:

• ensure that the right forms are completed and submitted at the right time, giving you the peace of mind to get on with running your business;
• advise when to call in a surveyor to assess the amount of any rent increase;
• advise on how the new rent must be recorded with the lease.

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, so it is advisable that you have an experienced solicitor involved from the outset.

Contact Business Lawyers Direct

Call Business Lawyers Direct today on 0333 777 8003 or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.