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Hypothetically speaking

By: Language: English Series: Estates Gazette ; (0815) 19 April 2008, 168-169(2)Publication details: 2008Subject(s): Summary: Mainly for Students article provides guidance on rent reviews for commercial leases. These periodic reviews are intended to keep commercial rent at or above the current market value. They can involve formal or informal discussions between the parties. Recommends that they are not performed against a background of tight time constraints. Reviews are valued as a hypothetical lease which ignores contingencies which may produce an unfair value, such as a tenant's history at a given location. Details common assumption within leases and underlines the importance of the process to the market. Case law.

Mainly for Students article provides guidance on rent reviews for commercial leases. These periodic reviews are intended to keep commercial rent at or above the current market value. They can involve formal or informal discussions between the parties. Recommends that they are not performed against a background of tight time constraints. Reviews are valued as a hypothetical lease which ignores contingencies which may produce an unfair value, such as a tenant's history at a given location. Details common assumption within leases and underlines the importance of the process to the market. Case law.