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23
May

What is a rent review clause?

It has become common to include particulars of the rent review procedure in leases. The clause usually provides for the rent to be reviewed at fixed intervals, but the form of these clauses varies from lease to lease. Normally the clause will specify a procedure for determining the reviewed rent and there may be a time limit in which Notices must be served to the tenants and Counter Notices served on the Landlord. Non- adherence to these may result in the Landlord not being permitted to increase the rent or the tenants having to accept whatever rent the Landlord suggests on review.

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