PROPERTY

Rent Reviews & Management

In view of the continually changing law in the construction and interpretation of rent review and other provisions in leases, it is increasingly important that both landlord and tenant have access to experienced professional advisers to assist in dealing with rent reviews.

Developments in law between each rent review can place one party or the other at a considerable disadvantage. The impact of the construction and interpretation of rent review and other provisions can have a significant financial effect. As the level of rents change there is more for either party to gain or lose. Uncontested rent reviews will be achieved less often. We are able to advise upon the steps to be taken at review, whether the lease provides for the rent to be decided ultimately by arbitrator or expert and upon the interpretation of the review provisions in the light of decided law at the time.

We are also able to provide prompt and practical advice to both landlord and tenant during the course of a lease as to the interpretation and consequences of the various covenants and conditions. Typically, this will include advice in relation to subletting, repairs, alterations and service charge provisions. We act for a number of clients who own substantial portfolios of mixed leasehold and freehold properties. We have consequently developed the expertise necessary to provide in a streamlined and efficient way advice on the issues that will inevitably arise from time to time.