Introduction to rent review in commercial leases

This webinar will give an overview of what is typically included in open-market rent review provisions, while focussing on perennial 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.  The procedural aspects are just as important as the valuation aspects, however, and this webinar will survey the range of procedures.

Topics covered will include:

• Different types of variable rents
• Drafting to arrive at the open market rental value
• Components of a well-drafted rent review clause
• Issues for both landlord and tenant
• Rentalisation of tenants’ works
• Notice and counternotice procedures, and common errors
• Retrospective operation of rent review clauses
• Whether to provide for expert determination or arbitration