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Thomas, Solicitor
Category: Property Law
Satisfied Customers: 7664
Experience:  UK solicitor holding an England and Wales practising Certificate.
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I am a landlord of commercial property The Rent review clause

Customer Question

I am a landlord of commercial property
The Rent review clause in the lease states
Annual rent payable immediately before the Review Date; or if greater
the open market rent agreed pursuant to this clause.
Can you please confirm if the rent cannot go below the annual rent payable at the date of the review.
Submitted: 3 years ago.
Category: Property Law
Expert:  Thomas replied 3 years ago.
Thank you for your question and patience, I’m Tom and I’ll try to help you.
If the clause states that the reviewed rent should be the greater of (1) the annual rent before review and (2) open market rent agree under the rent view clause then the clause means that the annual rent payable by the tenant will never decrease.
It means that it can only increase or stay the same as compared to the rent payable immediately before the review date in question.
My goal is to provide you with a good service. If you feel you have received anything less, please reply back as I am happy to address follow-up issues specifically relating to your question.
Kind regards,