Upward-only clauses common
Series: Property Week ; 69(27) 2 July 2004, 7(1)Publication details: 2004Subject(s): Summary: Upward-only rent reviews are still common, despite the "Code of practice for commercial leases England and Wales" (ISBN 1842190989), research by RICS has shown. Only 7% of respondents to RICS's annual survey said upward-only rent reviews were becoming less prevalent. The survey shows that nearly a third of tenants asked for more flexible lease terms because of the Code, up from 20% last year. While around 42% of landlords were offering more flexible terms, up from 32%. Government will decide at the end of 2004 whether to legislate against upward-only rent review clauses.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4026-16 (Browse shelf(Opens below)) | 1 | Available | 126720-1001 |
Upward-only rent reviews are still common, despite the "Code of practice for commercial leases England and Wales" (ISBN 1842190989), research by RICS has shown. Only 7% of respondents to RICS's annual survey said upward-only rent reviews were becoming less prevalent. The survey shows that nearly a third of tenants asked for more flexible lease terms because of the Code, up from 20% last year. While around 42% of landlords were offering more flexible terms, up from 32%. Government will decide at the end of 2004 whether to legislate against upward-only rent review clauses.