fbpx

Commercial Rent Reviews

Commercial rent reviews are crucial aspects of lease agreements, playing an important role in ensuring that the rental value of the commercial property reflects the marketing conditions. The primary purpose of commercial rent review is to protect the interests of both landlords and tenants.

Most leases are subject to regular rent reviews, often on a five-yearly basis. Both landlord and tenant need to take steps to ensure that their interests are protected when it comes to commercial rent reviews, and the team of property experts at Ackroyd Legal are here to help. Landlords and tenants alike must take proactive measures to navigate the complexities of commercial rent reviews. Ackroyd Legal’s team offers comprehensive support to ensure that the terms and conditions are fair and favourable for both parties involved.

What is Residential Conveyancing?

Speak to a Solicitor

Speak to a solicitor

Consent
This field is for validation purposes and should be left unchanged.

property guides

Determining the Frequency of Commercial Rent Reviews

The frequency of commercial rent reviews varies and is typically specified in the lease agreement. The commercial rent review process mostly takes 1, 3, 5 or 10 years, and in most cases, it depends on market volatility, industry standards and both parties’ preferences. Following the analysis, a new rent is proposed based on current market conditions, along with a specified review date.

Key Considerations of a Successful Rent Review

Market Analysis

Market analysis provides opportunities to understand current rental trends in a specific area. After market analysis, you can check whether your current rent aligns with market standards or not after the consideration of local economic conditions.

Rent Agreement Review

It is important to understand the rent review clause in the rental agreement for the property, as all terms and conditions are mentioned in the lease agreement. Ensure that you are aware of the frequency, method, adjustments, and any other specific area outlined it the rent review clauses.

Legal Considerations

Stay informed about local laws and regulations regarding commercial lease agreements. Both commercial landlords and tenants should understand their rights and duties as outlined in the rental lease

Expert Guidance from Ackroyd Legal for Landlords and Tenants

When it is time to carry out commercial rent reviews, both landlord and tenant need to seek professional advice from a valuation surveyor with both local and industry knowledge. Your specialist solicitor at Ackroyd Legal can provide legal advice and guidance throughout the process and handle any issues or disputes that may arise to reach the quickest and most cost-effective resolution.

Contact Us

For more information on our services regarding commercial rent reviews, please contact our commercial property solicitors member of our team, who will be very happy to help you. We are committed to providing you with the support and information you need, ensuring a transparent and seamless experience.

Image hover effect image

Advserse Possession

Adverse possession arises when someone makes a claim to a piece of land which is disputed…

Image hover effect image

Commercial Rent Reviews

Our specialist solicitors can provide legal advice and guidance throughout the commercial rent review…

Image hover effect image

Commission Disputes

Contractual disputes may arise over many different types of agreement can provide…

Image hover effect image

Contractual Disputes

Contractual disputes may arise over many different types of agreement can provide…

Image hover effect image

Illegal Subletting

Because disputes between landlords and tenants can escalate very quickly, it is essential to get…

Image hover effect image

Restrictive Covenants

If you are affected by a restrictive covenant that is in place either to protect your interests…

Image hover effect image

Trespass

If you are involved in a trespass situation as either an owner or as an occupier…

Image hover effect image

Tenancy Disputes

Our expert team has diverse experience in all aspects of landlord and tenant law…

Image hover effect image

Land and Property Disputes

Our team of specialist property law solicitors have many years’ experience in commercial…

Image hover effect image

Property Development and Renovation Disputes

We have many years’ experience in dealing with property development disputes…

Image hover effect image

Possessions Claims

Possession claims arise when a landlord or stakeholder is forced to take possession…

Image hover effect image

Injuctions

n injunction is a court order that is granted to prevent another party from taking a particular course…

Image hover effect image

Boundary Disputes

Boundary disputes arise when the boundary of a property is unclear or is brought into question…

Image hover effect image

Leasehold Diputes

Leasehold disputes commonly arise between freeholders and leaseholders, and will often…

Image hover effect image

Jointly Owned Property

When two or more people share ownership of a property, disputes are most likely to arise…

Image hover effect image

Rights of Way

A right of way is a legal right that has been established by usage to pass through land or property…

Image hover effect image

Planning Appeals

Planning appeals may arise in cases when planning applications do not achieve the desired outcome…

Image hover effect image

Nuissance and Negligence

Negligence and private nuisance are classed as civil wrongs in English law…

Image hover effect image

Restrictive Covenants

A restrictive covenant refers to a legal provision that places restrictions upon the use of land…

Image hover effect image

Property Repairs

Obligations relating to property repairs and maintenance rest upon landlords and tenants alike…

Image hover effect image

Dilapidations

The term dilapidations refer to a property’s state of disrepair where there is a legal liability…

Image hover effect image

Criminal Law

Criminal law involves the state/government bringing a prosecution against an individual…

Image hover effect image

Immigration

At Ackroyd Legal, our dedicated team of immigration lawyers take a human…

Image hover effect image

Business Law

We are well versed in looking after the interests of our…

Image hover effect image

International & Investment

With the global economy growing at a fast rate investing in the UK is an increasingly…

Image hover effect image

Intellectual Property

Our team of intellectual property solicitors provide a robust understanding of the…

Image hover effect image

Personal Injury

Personal injury is the legal term for an injury or illness that is caused or…

Image hover effect image

Dispute Resolution

Dispute resolution is the process of resolving disputes between parties which…

Image hover effect image

Risk Management

Our dedicated team of risk management solicitors are highly experienced in solving problems…

Get in touch

Request your free consultation today.

GET IN TOUCH

Consent
This field is for validation purposes and should be left unchanged.