Most commercial leases include rent review provisions, particularly those lasting more than a few years. Typically, these reviews occur every three or five years.
In the pub and retail sectors, leases often incorporate annual rental increases linked to the Retail Price Index, which must be carefully considered.
Clients may also encounter market rent reviews, where specialised advice is essential. It is important to note that agreeing to a rent review simply because it has been presented by a landlord or their agents is not sufficient. Leases contain specific provisions that all parties must adhere to, and tenants should seek guidance when navigating rent reviews.
At Chubb Bulleid, we are here to provide the support you need to ensure compliance and make informed decisions regarding your rent review process. If you have any questions or need assistance, please feel free to reach out to us. We are ready to help!
