The only way is up [electronic resource]
The only way is up [electronic resource]
- London GVA 2012
Current market conditions in the UK and even more so in Ireland have exposed many occupiers to the downside of upwards only rent reviews (UORR). Most leases due for a rent review in 2012 on upward only terms are being reviewed with a previous rent agreed during the peak of the market in 2007. Concludes that UORRs still have an important role providing the investor with a guarantee that the income level will not fall, and the tenant with a much greater degree of protection to over-renting than RPI inflation linked leases when rental values are in decline. Executive summary -- introduction -- the case for and against upwards only -- the Irish example -- outlook for inflation -- sector performance -- conclusion.
England and Wales--1543-
Ireland (Republic of)--
Current market conditions in the UK and even more so in Ireland have exposed many occupiers to the downside of upwards only rent reviews (UORR). Most leases due for a rent review in 2012 on upward only terms are being reviewed with a previous rent agreed during the peak of the market in 2007. Concludes that UORRs still have an important role providing the investor with a guarantee that the income level will not fall, and the tenant with a much greater degree of protection to over-renting than RPI inflation linked leases when rental values are in decline. Executive summary -- introduction -- the case for and against upwards only -- the Irish example -- outlook for inflation -- sector performance -- conclusion.
England and Wales--1543-
Ireland (Republic of)--