Subjects:

Landlord and Tenant Law

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.

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.