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With many rent reviews not activated during the 1990s due to historically high levels of rent (a hangover from the late 1980s boom market), the last few years have seen a marked increase in rent review activity.
Rent reviews are not just about establishing current market rents for buildings. The terms of many older leases are no longer acceptable in today’s market and there have been some significant legal decisions on the interpretation of rent review provisions and other lease terms.
A thorough understanding of these issues is essential to achieving an optimal outcome of the review process, whether for tenant or landlord.
We can draw on both market knowledge and technical experience in dealing with reviews for many types of property.
A selection of current and recently concluded rent reviews:
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