Commercial Lease Rent Review

Summary

A commercial lease rent review clause indicates an upwards-only review every three years based on the Retail Price Index (RPI). However, a note in the tenants obligations section mentioning market rent could create ambiguity, potentially leading to disputes. Its advisable to clarify this discrepancy with the tenant to avoid future conflicts. Consider gathering all relevant lease documents, communicating the issue to the tenant, and seeking legal advice to draft a clear addendum to the lease.

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On my Law Society commercial lease it clearly states RENT REVIEW On *** October * and every 3rd anniversary from and including the date of the first DETAIL Review Date such Review to be upwards only and in line with annual RPI.
It looks like you are concerned about the rent review clause in your commercial lease. The clause indicates an upwards-only review every three years, starting from October *, *, based on the Retail Price Index (RPI).
Could you specify what aspect of this clause you are concerned or confused about? For example, are you questioning the calculation, the legality, or how to approach your landlord?
I am landlord but I notice in Tenants obligations it states * RENT REVIEW - MARKET RENT not crossed out will that be an issue ?
In your situation, the note "* RENT REVIEW - MARKET RENT" in the tenant's obligations section could create ambiguity. It may contradict the "upwards-only" RPI-based review clause. This discrepancy might lead to disputes.
Would you like guidance on how to address this with your tenant?
Yes
You should clarify the discrepancy with your tenant to avoid future conflicts. Here's a suggested approach:
- Documentation: Gather all relevant lease documents.
- Communication: Write to your tenant explaining the discrepancy.
- Consultation: Consider getting legal advice for drafting a clear addendum to the lease.
Would you like some tips on drafting the communication to your tenant?