Consultation on upward-only rent reviews
Consultation on upward-only rent reviews
- 2004
- ODPM Consultation Paper 1 June 2004 (25) .
Government's consultation paper on upward-only rent review (UORR) has been published by the ODPM. The paper sets out six options: 1) do nothing; 2) ban upward-only rent clauses; 3) ban UORRs subject to a floor of the initial rent; 4) give tenants a right to break if the UORR produced a rent above open market levels; 5) limit lease length; 6) require landords to give prospective tenant priced options. The consultation period runs until 30 September 2004. "Commercial property leases: options for deterring or outlawing the use of upward only rent review clauses" is available at http://www.odpm.gov.uk/urban/consult.
UPWARD ONLY RENT REVIEWS
CONSULTATION PAPERS
OPEN MARKET RENT
UPWARD ONLY RENT REVIEWS
COMMERCIAL LEASES REFORM
COMMERCIAL PROPERTY LEASES: OPTIONS FOR DETERRING OR OUTLAWING THE USE OF UPWARD ONLY RENT REVIEW CLAUSES
Government's consultation paper on upward-only rent review (UORR) has been published by the ODPM. The paper sets out six options: 1) do nothing; 2) ban upward-only rent clauses; 3) ban UORRs subject to a floor of the initial rent; 4) give tenants a right to break if the UORR produced a rent above open market levels; 5) limit lease length; 6) require landords to give prospective tenant priced options. The consultation period runs until 30 September 2004. "Commercial property leases: options for deterring or outlawing the use of upward only rent review clauses" is available at http://www.odpm.gov.uk/urban/consult.
UPWARD ONLY RENT REVIEWS
CONSULTATION PAPERS
OPEN MARKET RENT
UPWARD ONLY RENT REVIEWS
COMMERCIAL LEASES REFORM
COMMERCIAL PROPERTY LEASES: OPTIONS FOR DETERRING OR OUTLAWING THE USE OF UPWARD ONLY RENT REVIEW CLAUSES