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Rent Reviews Bio Image

Rent Reviews Specialist rent review solicitors in Milton Keynes

A commercial lease that has been granted for a term of three years or more will usually include a clause allowing the landlord to periodically review the rent, generally once every three to five years.

The review will assess the current market value, allowing the landlord the opportunity to increase the rent if other comparable rents in the marketplace have risen. Commercial contracts often allow only upwards revision.

At Heald Solicitors in Milton Keynes, we represent landlords and tenants in dealing with commercial rent reviews. We can guide you through the process of serving and responding to notices and, in the event that the new rent is not agreed upon, work with your surveyor to negotiate on your behalf to try and reach a resolution.

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At Heald Solicitors in Milton Keynes, we represent landlords and tenants in dealing with commercial rent reviews.

The commercial rent review process

The landlord will usually start the process by serving written notice of the rent review on the tenant. The tenant’s right to negotiate the proposed change will depend on the wording of the lease. Our commercial property team are experienced in representing both landlords and tenants in negotiations to try and reach an acceptable solution. If an agreement cannot be reached, a third party surveyor can often be used.

Basis for calculating new commercial rent amount

The commercial lease will generally specify how the rent review will be calculated. This is often on the basis of an open market rent review or the retail price index. In some cases, a fixed rent increase will have been agreed upon, which means that both parties know where they stand in advance.

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Services at a glance

We act for both landlords and tenants in respect of commercial rent reviews, including the following services:

  • Preparing and serving notice of rent review – ensuring the process is commenced correctly;
  • Working with your surveyor to help them assess the correct market rent;
  • Guiding you through any third-party review process if the new rent cannot be agreed.
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Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald today.

Shabnum Hussain
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For expert advice contact our rent review solicitors

At Heald Solicitors our commercial property team are experienced in dealing with rent reviews on behalf of both landlords and tenants. While our office is in Milton Keynes, we regularly work with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.

If you wish to talk to a commercial property solicitor, please get in touch with our legal expert Shabnum Hussain.

01908 355 401
shabnum.hussain@healdlaw.com

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Rent Reviews Bio Image

Our Legal Expert Shabnum Hussain

Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald Solicitors today.