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Rent Reductions – The Latest Trend

Rent Reductions – The Latest Trend

Many will have read the news over the past few months regarding various retailers pleading with Commercial Landlords for rent reductions, Monsoon Accessorise who have 258 stores being the most recent chain to request this. There will of course be Landlords who will...
A Gentleman’s Handshake Is Not Always Enough

A Gentleman’s Handshake Is Not Always Enough

Earlier this week I received a telephone call from an anxious Tenant who has recently been notified from his new Landlord that he intends to activate the 2014 rent review and has proposed a revised rent which is close to double the passing rent. The Tenant informed...
Time can be of the essence

Time can be of the essence

One of the most punitive clauses found within commercial leases can be when time is of the essence with regard to rent review notices being served both upon a Tenant and Landlord. The vast majority of leases state that time is not of the essence which allows for...
Avoiding Back Rent

Avoiding Back Rent

It can be tempting for a Tenant to allow the date of rent review specified in the lease to both come and go with the faint hope the Landlord will have forgotten to potentially increase the rent. Whilst it is true that on rare occasions, a Landlord may be remiss and...
Rent Reviews – Best Practice

Rent Reviews – Best Practice

Both Landlords and Tenants must be aware of the best practices to consider when commencing with a rent review. Most Commercial Leases allow for a rent review every three, four or five years. In order to ensure the best possible outcome, whether a Landlord or a Tenant,...
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