Promoting and enhancing best practice and technical expertise

Rent Review and Lease Renewal: Session 2

The course will give an overview of procedures and look at recurrent issues such as: whether the hypothetical lease should include a break option, what should be the assumed length of term and whether a ‘headline rent’ is effectively excluded. This presentation is the final of two sessions.

Module Duration: 2 hours 43 minutes

Areas covered

Welcome and Introduction

Expert v Arbitrator

  • The key differences
  • What if they under-perform?
  • Can their decision be appealed or challenged?
  • Which is appropriate for a specific review? 
  • Lease Renewal - the PACT Scheme

Rational and History

  • How does it work?
  • Why should I opt for PACT?
  • Practical tips and issues

Some Practical Rent Review Issues

  • Time limits, notices and counter notices
  • The hierarchy of evidence
  • Analysing, presenting and challenging comparables
  • Fees, costs and Calderbanks

Speaker

  • Mark Shelton, Commercial Property Management Law Trainer, CPM Law Training Limited and Author of 'A Practical Guide to the Law of Dilapidations' and 'A Practical Guide to Applications for Landlords' Consent and Variation of Leases'