Rent Reviews

Commercial property rent reviews

Background

Most leases of commercial property or business premises make provision for rent reviews on a regular basis. The most common way of achieving this is to include provision for rent reviews to open market rental value every 3 or 5 years. The procedure and basis for implementing the rent review is usually set out in detail in the rent review clause of the lease. It will also include a procedure for resolving disputed rent reviews. This is usually by referring the rent review to arbitration or determination by an independent expert.

Although this sounds straightforward, rent reviews have given rise to a substantial amount of litigation over the years. It is therefore necessary to have a thorough working knowledge of rent review case law as well as valuation techniques and negotiating skills together with market knowledge. Without this combination, you are unlikely to achieve the best possible result for your rent review.

Our Skills

Mackenzie Associates are rent review specialists and have over 20 years' experience of negotiating commercial property rent reviews. This covers a wide variety of commercial property and business premises types throughout London and the south east of England. We consistently produce excellent results for all of our rent review clients.

We have excellent technical knowledge of commercial property rent reviews and a thorough understanding of the relevant rent review case law. We also have access to rent review and open market evidence through our database and contacts. This, together with our ability to correctly interpret and weigh the significance of each transaction plus our excellent rent review negotiating skills, enables us to achieve the best possible results for our clients.

Our thorough knowledge of the rent review dispute resolution process also enables us to advise you on the best tactics to adopt to achieve an efficient and cost effective result for your rent review. Our rent review team includes Ian Mackenzie, who is a member of the Royal Institution of Chartered Surveyors President's Panel of Arbitrators and Independent Experts. He is frequently appointed by the President of the Royal Institution of Chartered Surveyors to act as arbitrator or independent expert in commercial property rent review disputes. He therefore has excellent knowledge of the dispute resolution process for commercial property rent reviews.