Rent Review – Plan Ahead

Lease Rent Up For Review?

rent reviewIf your rent review date is coming up in the next few months, or better still in a year’s time, you will be a little hectic with plenty to organize.  We hope that time isn’t of the essence at this stage and you’ve still got plenty of time before the review date is up.  If however time is of the essence, then you really need to contact a commercial leasing solicitor to get things moving.

Time Constraints

Solicitors and surveyors are up against time if you don’t plan ahead and the rent review process isn’t initiated in time.  Time is crucial in relation to a rent review date because of the complexity of a lease agreement, the tenancy and the surveyor’s report.  Bear in mind also that you and the landlord have plans.  Your plans in relation to the rent review might be conflicting.  All these are areas of commercial leasing that require specific expert advice.  Never delay initiating the rent review process.

Plan Ahead

You need to plan ahead – a few months to a year.  Remember that the process will take a few months.  You will need expert advice from commercial property lawyers and surveyors, particularly those experienced in the rent review aspect of commercial leasing agreements.  You will also need a surveyor’s input to help you assess the state of the property, any disregards and the location.

Certain Scenarios Affecting Rent

Imagine for instance, that the location of a property was initially very attractive, with an excellent footfall and a great potential for a business to succeed.  But both economical and social climate can change an area and affect business.  What was once an attractive business location might become avoided by potential customers.  If location is ideal for a business, any changes will have detrimental effects on the viability of a business.  Also, if the landlord is in disrepair, this would be considered by the surveyor.

The Documentation List

So when you get ready to initiate the rent review process, collate the following documentation:

  • Lease agreement
  • Anything relating to the lease, including supplements
  • Documents relating to repairs done in the property
  • Communications relating to any disrepair
  • Refurbishment paperwork
  • Deeds
  • Licences
  • Any other documentation that might help the surveyor’s report
  • Your intentions regarding the rent (increase/decrease/unchanged)

Next Step

Once you have put all documentation together, you need to contact a legal expert who will advise you accordingly.  They will also connect you to a surveyor with expertise in commercial property and any issues affecting a rent review.  Would you like us to help you?  Please give us a call for an initial consultation and let us know your rent review date.  We will be happy to have an informal chat and if agreeable, we’ll initiate the process for you.  SG

Make An Enquiry

Call us now on 020 7113 4003 or complete our Online Enquiry and we will be delighted to talk with you about your legal matter.

Free Enquiry

Back to all news

Share Article With:

Make An Enquiry

Global Excellance Awards

Client Reviews

DG Law were fantastic throughout our purchase process. We had a short, fixed, timeline to

Venetia Lawson-Cruttenden [solicitor] is fantastic!  She is always so thorough and efficient and gives you the

DG Law supported us through a very difficult contractual negotiation to achieve exactly the outcome

We were very pleased with the way that DG Law helped us on our transaction

Thanks for all the help from DG Law in pulling together our somewhat complicated loan. 

DG Law resolved a difficult lease renewal for us and their services were excellent –

I needed understanding and experienced legal advice. DG Law provided an excellent service at a

My experience was second to none – the service was professional and personal. DG Law

DG Law always step up to the plate on our transactions and handle the various

DG Law was recommended to me and my partner and I received excellent advice –

Having worked with DG Law a number/couple of times now, I have been really impressed

DG Law were constantly at hand, and kept pro-active throughout the thorny process of getting

DG Law organised and ran a very useful session to help to make our team’s

DG Law came recommended to me and whilst setting up a new business it was

We were recommended three lawyers to handle the sale of our seven year old successful

Why Choose Us?

We live by our core values of transparency, flexibility and being honourable – every day

We put ourselves in your shoes so we understand your problems from the inside out

We deliver our advice in a way that is easy to understand