Rent Reviews Specialist rent review solicitors in Milton Keynes

At Heald Solicitors in Milton Keynes, we represent landlords and tenants in dealing with commercial rent reviews. We can guide you through the process of serving and responding to notices and, in the event that the new rent is not agreed upon, work with your surveyor to negotiate on your behalf to try and reach a resolution.

The commercial rent review process

The landlord will usually start the process by serving written notice of the rent review on the tenant. The tenant’s right to negotiate the proposed change will depend on the wording of the lease. Our commercial property team are experienced in representing both landlords and tenants in negotiations to try and reach an acceptable solution. If an agreement cannot be reached, a third party surveyor can often be used.

Basis for calculating new commercial rent amount

The commercial lease will generally specify how the rent review will be calculated. This is often on the basis of an open market rent review or the retail price index. In some cases, a fixed rent increase will have been agreed upon, which means that both parties know where they stand in advance.