Rent Reviews

This full day workshop will look at the three primary aspects of rent reviews: the machinery, the valuation exercise and the settlement. It will consider how systematically to appraise the terms of the lease, collate and analyse evidence, and handle negotiations. Third party processes used in the event of non-agreement will also be reviewed along with practical tips to minimise the impact of professional and related costs.

Course Content:

• The changing world of rent review clauses
• The hypothetical world of rent reviews
• Initiating the review time limits and notices
• The critical assumptions and disregards
• Analysis of evidence; deconstructing, analysing, presenting and challenging comparables
• Rent review negotiation workshop
• The duties of an expert witness and making the best of your case
• Third party procedures and cases
• Challenging the decision of a third party
• Fees, costs and Calderbanks
• Pricing rent review clauses

This course will be of benefit to surveyors, lawyers, property owners, tenants, estate managers and all those involved in rent review negotiations or, more generally, the management of commercial property.

Learning Objectives:
By the end of the course you will be able to:

• Appraise the principal components of the rent review clause
• Build the factual matrix in determining rent
• Understand the notice processes in a business lease
• Appreciate the dispute resolution mechanisms commonly encountered in commercial leases