Crosby, Neil; Hughes, Cathy; Murdoch, Sandi - European Real Estate Society - ERES - 2005
Leases of commercial property in the UK that are for more than 5 years typically have rent review that is upward only (i.e. at review the rent will be the higher of the current rent or the open market rent). Whilst the rent review clause is freely negotiated, several tenant groups have argued...