First part of a summary of presentations at a landlord and tenant update hosted by RICS West Midlands. Examines the rent review treatment of premiums, in particular whether a premium for the grant of a lease is part of the rent or key money, citing "BLCT (13096) Ltd v J Sainsbury plc" ([2003] EWCA Civ 884, [2003] All ER (D) 03 (3Jul)) and "Safeway and Legal and General" {2005} 1 P&CR 129-138(9). Also looks at the rent review length of term, specifically whether, at review, the hypothetical term to be valued equates to the remainder of the existing term or is assumed to be the full term of the original lease, citing "Canary Wharf Investments (Three) v Telegraph Group Ltd" ([2003] EWHC 1575 (Ch), Abs67266). Outlines the rules on serving notices and satisfying pre-conditions in break clauses, looking at when a notice is served, citing "Beanby Estates Ltd v The Egg Stores (Stamford Hill) Ltd" ([2003] EWHC 1252 (Ch), Abs670080). (See also Abs...).