Standard commercial leases allow for the rent to be reviewed at specific periods through the lease to ensure that the rent payable is in line with the market rent. Typically rent reviews are upwards only and in more recent times are linked to RPI often with caps and collars on the increase.
JMC provide advice and negotiate rent reviews for our clients across the UK. We have a large database of comparable transactions and networks of surveyors to assist us in establishing the market rent. We act for both landlords and tenants and have experienced the challenges of both the good and difficult times during which time we have managed to negotiate increases for landlords and kept rents down when acting for tenants. We also provide expert reports for third party submissions where rent review disputes proceed to an Expert or Arbitrator for determination.