Rent Review
A rent review is general something that applies to commercial property. If one occupies a shop or office or similar there will be rent review clauses within the lease and this will state how often the rent is reviewed and whether this is reviewed upwards (or downwards) and on what basis. It may be that the rent is reviewed every 3 or 5 years to the full market rental value and so on. An experienced chartered surveyor can help you with this process to avoid the pitfalls and also carry out negotiations with your superior landlord in order to agree the new rent payable.
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