Glossary - Index "R"
Real Estate Terms and Site Index "R"
- Relief from Forfeiture - Tenants have a legal right of appeal to the court for relief from forfeiture and may be able to resume their occupation on payment of any rent and service charge arrears, remedy other breaches of covenant and pay locksmiths' and baliffs' charges. The court has wide discursion to grant relief having consider all the circumstances.
- Rent Reviews - Rent reviews are a way of periodically adjusting rents to "Open Market Values". The process follows the specific procedure agreed to by the parties and written in to the lease agreement, based on certain hypothetical assumptions and timing restrictions.
Never rely totally on this information which relates primarily to England & Wales. Before taking action or not, seek expert advice with the full facts of your case and all documents to hand.
