| Full
Article:
Rent Reviews - Commercial or
Business Tenancies
Rent reviews (rent
increases) are far more common with commercial
(business) tenancies than they are with residential
tenancies.
Residential tenancies tend to be
relatively short these days, often 6 months or 12 months
under an Assured Short hold Tenancy, therefore there is
no need for a rent review.
On the other hand commercial
tenancies can be up to 25 years or so, though in recent
years the trend is for commercial leases to shorted -
15, 10, 5 or even 3 years now being common lease periods
on the high street.
There was a time when there was no
such thing as a rent review, however, the inflationary
periods of the latter half of the 20th century have
brought in this now common phenomenon.
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LandlordZONE 2006 |
