Basics of Rent Review
For the general practitioner, or for the more junior surveyor, the world of rent review can often appear baffling, with obscure arguments about the hypothetical lease, aggregate lettings, special bidders and so forth. But it’s a topic which can be of crucial importance to clients, and an area in which very limited rights of appeal from third party decisions means that it’s vital to get it right first time. This module introduces the main aspects of the subject in a clear and straightforward way.
The module covers:
- The main components of an open market rent review clause
- The hypothetical landlord and tenant
- Usual assumptions and disregards
- Time limits
- Dispute resolution procedure