rent review

rent review
The landlord may have reserved the right to review the rent at intervals during the period of the lease. There is usually a mechanism that can be invoked to determine a new rent which will reflect changes in the market since the lease was originally granted. The lease usually specifically states that the rent may only be reviewed upwards to avoid the rent being reduced if the market has fallen.

Easyform Glossary of Law Terms. — UK law terms.

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