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level 2

Commercial Rent Reviews

Course L2:01

Commercial rent reviews provide the opportunity for landlords and/or tenants to re-appraise their rental commitment under a tenancy agreement. This second tier course considers the contractual arrangements, valuation arguments and dispute resolution procedures which are regularly employed.

Useful Pre-Requisite: Course L1:02 (Commercial Property Management)


Framework:
  • Purpose of rent reviews
  • Rent review opportunities
  • Machinery for review
  • Principle of 'time of the essence'
  • Rental value considerations
  • Headline v net effective rents
  • Dispute resolution procedures
  • Negotiation techniques
  • Calderbank letters
  • Recent case law
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