rent review

[siparr]

Recently the retail units i lease have come onto the market and i have put a market value offer in however it has been refused, by the terms of my lease the rent review is due and as a result of the building being up for sale my proposed rent has doubled. I presume this is to make it look more attractive to buyers however is this correct are they able to double the rent or is there anything I can do.

[Editor]

There are other posts in this section which answer your question.
Just because the landlord states a new rent, it does not mean that this is what you have to pay. Rent review is a process of negotiation between landlord and tenant. If you cannot agree you fall back, first on the terms of your lease - normally there are provisions for third party expert arbitration - and secondly on the courts.
You need to determine what is a true market rent. You do this by comparing similar properties in the area. Generally, this process is best carried out for you by a Chartered Surveyor.