Abnormal rent revision periods: the legal issues
Crosby, N.
Abnormal rent revision periods: the legal issues - 1991 - Rent Review & Lease Renewal 11(3) Spring 1991, 217-226(9) .
When properties are leased with a provision for rent reviews at intervals of more than the standard five years, legal and valuation complications can arise. These are explored by the article which concludes that the landlord is bound by certain restrictions not to raise compensatory rent by additional reviews or uplift , and so outlawing valuation methods based on calculations of the additional rent which the landlord would have received under a normal lease. Higher than average rents can be established for such leases, provided they are based on market evidence within an appropriate valuation formula.
ABNORMAL REVIEW PERIOD
CONSTANT RENT
EQUIVALENT RENT
LEASE LENGTH
LONG REVIEW PERIOD
OPEN MARKET RENT
RENT REVIEW PERIOD
Abnormal rent revision periods: the legal issues - 1991 - Rent Review & Lease Renewal 11(3) Spring 1991, 217-226(9) .
When properties are leased with a provision for rent reviews at intervals of more than the standard five years, legal and valuation complications can arise. These are explored by the article which concludes that the landlord is bound by certain restrictions not to raise compensatory rent by additional reviews or uplift , and so outlawing valuation methods based on calculations of the additional rent which the landlord would have received under a normal lease. Higher than average rents can be established for such leases, provided they are based on market evidence within an appropriate valuation formula.
ABNORMAL REVIEW PERIOD
CONSTANT RENT
EQUIVALENT RENT
LEASE LENGTH
LONG REVIEW PERIOD
OPEN MARKET RENT
RENT REVIEW PERIOD