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Vol 21 No 8 Aug/Sept 2016

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Rent Review

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ISBN13: 9781841741307
ISBN: 1841741302
Published: January 2001
Publisher: Oxford University Press
Country of Publication: UK
Format: Paperback
Price: £53.00



In stock.

Rent review clauses in business leases have become increasingly complex over the years. This guide provides guidance on the wording of each part of such clauses and analyzes the areas of difficulty. The book deals with rent review clauses in business leases, and while it concentrates on the use and analysis of the more widely used reviews based on market rents, it also considers those calculated by alternative methods, such as the Retail Price Index, tenant's turnover, equity rents and headlease rents.

There has been an explosion of case law in this constantly evolving area and this book considers and makes sense of the sometimes contradictory decisions. A number of rent review precedents are included in the appendices for easy reference.

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Subjects:
Landlord and Tenant Law, Commercial Property
Contents:
Introduction to rent review
structures and forms of rent review clauses
valuation - the hypothetical lease
determination of rent
post-review and other procedural issues
alternative methods of review. Appendices: Trigger notice type of review
Law Society/RICS model forms
automatic rent review clauses
rent review clause requiring valuation of notional premises
rent review clause based on a vacant site
Section 34, Landlord and Tenant Act 1954
RICS guidance notes for surveyors acting as arbitrators and experts
examples of rent review memoranda
provisions for payment of an interim rent
provisions allowing review of rent review
index-linked rent review clause
turnover rent.