Rent and rent review

Rent and rent review guidance:

Agricultural Holdings Act 1986 Under the Agricultural Holdings Act 1986 (AHA 1986), either the landlord or the tenant may ‘demand’ that the ‘rent properly payable’ in...

Practice Note

1 Definitions Arrears the amounts due from the Tenants up to and including Completion but which have not been received by the Seller or its agents as cleared funds before...

Precedents

Inflation calculators These calculator tools will calculate indexation figures applying either RPI or CPI. They are useful for determining the effect of inflation on sums...

Practice Note

A claim for use and occupation is possible where there is occupation of land without an express agreement fixing the amount of rent. Where the landlord has allowed the...

Practice Note

Right to recover rent The commercial rent arrears recovery (CRAR) regime allows landlords to seize a tenant’s goods from the demised premises in order to recover unpaid...

Practice Note

1 Rent deposit[s] All money deposited with or held by the Seller as security for payment of rent and other sums payable and for performance of covenants by a tenant under...

Precedents

1 Tenancy Deposit[s] 1.1 On the grant of the Tenancy Agreement[s], the Tenant[s] paid [a deposit of £[insert figure] ('the Tenancy Deposit') OR deposits in the sums set...

Precedents

An expert witness is a witness who, by virtue of his skill, is believed to have expertise in a particular area so others can rely on his opinion regarding a specific...

Practice Note

Commonhold and leasehold reform act 2002, section 166 Notice to long leaseholders of rent due To: [insert name(s) of leaseholder(s)] (note 1) This notice is given in...

Precedents

Development leases often gear the reviewed rent to the underlease rents. The tenant pays the landlord a defined percentage of the income he derives from underlettings....

Practice Note

What is a headline rent? In a falling market, landlords frequently offer tenants financial inducements to take a lease in order to maintain the level of rent stated on...

Practice Note

The aim of the procedural changes that took effect on 1 June 2004 was for interim rent to be the same as passing rent to discourage landlords from opposing...

Practice Note

1 Definitions Base Figure is: (a) on the first Review Date [[insert the Index figure for the [month] before completion of the lease] OR t] the Index figure for the month...

Precedents

1 Definitions Base Figure is: (a) on the first Notional Review Date [[insert the Index figure for the [month] before completion of the lease] OR t] the Index for the...

Precedents

This Practice Note sets out what interim rent is, when an interim rent application can be made under the Landlord and Tenant Act 1954 (LTA 1954) and who can make an...

Practice Note

notice of [assignment OR transfer] To: [insert name of landlord] [of [insert address] OR whose registered office is at [insert address] Company number [insert number]]...

Precedents

Notice of [assignment] [TRANSFER] [AND DIRECTION TO PAY FUTURE RENT]—Landlord and Tenant Act 1985 Section 3 To: [insert name of tenant] [of [insert address] OR...

Precedents

Coronavirus (COVID-19): Any right of forfeiture of a business tenancy for non-payment of ‘rent’ (which is defined broadly) is suspended until 30 June 2020. Section 82(1)...

Practice Note

[To be printed on Landlord’s letterheaded paper] Our Ref: Date: To: [insert name of Tenant] From: [insert name of previous Landlord] [of [insert address] OR incorporated...

Precedents

Date: [insert date of deed in its full format DD-Month-Year] Parties 1 [insert name of Landlord] of [insert address] [incorporated in England and Wales with company...

Precedents

Date: [insert date of deed in its full format DD-Month-Year] Parties 1 [insert name of Landlord] [of [insert address]] [incorporated in England and Wales with company...

Precedents

A rent review clause contained in an assured tenancy is superseded by the statutory provisions governing rent increases where the contractual term ends, and a statutory...

Practice Note

The rationale behind an assumption of vacant possession at rent review is to prevent the landlord benefiting from an increase in rent for the premises attributable to the...

Practice Note

Hypothetical Property [insert details of the hypothetical premises including:] (a) [date and method of construction with specification] (b) [location of the notional site...

Precedents

Rent Review Memorandum Landlord [insert full name of Landlord] [of [insert address] OR incorporated in England and Wales with company registration number [insert company...

Precedents

To: [insert name of tenant] (Tenant) From [insert name of landlord] (Landlord) Property [insert property description] Lease of the Property dated [insert date] made...

Precedents

Date and frequency The frequency of a rent review is a matter for negotiation. The most common period in practice at the moment is every five years. Usually rent reviews...

Practice Note

Importance of rent review clauses for landlords Leases with terms in excess of five years will generally contain a rent review provision (unless the parties have agreed a...

Practice Note

What is an improvement? By analogy with cases under section 19 of the Landlord and Tenant Act 1927, an alteration that: • goes beyond repair, and • from the tenant's...

Practice Note

Points scored and gloated over when negotiating a lease can bite back when the rent comes up for review. In a weak market, the presence of onerous provisions in a lease...

Practice Note
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