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Rent Review & Business Lease Renewal

Rent Review – Orme Associates can represent you in respect of a rent review. They appear in most commercial leases granted for a term of five years or more, are typically every three or five years, and are frequently upward only. The main types of rent review are a review to open market value (OMV) which are to be agreed between the parties to the lease. Please see our Factsheet below.

Our fact sheet on Rent Review is at link Rent Review Factsheet.pdf

Lease Renewals are possible by a tenant under the Landlord and Tenant Act 1954 by service of a tenants notice under section 26 (a s.26 notice) on the Landlord, and they will similarly require an assessment of the new rent to appear in the lease (this is not possible where a lease is contracted out of the Landlord and Tenant Act 1954). Please see our Factsheet below.

Our fact sheet on Lease Renewal is at link Lease Renewal Factsheet.pdf

Case studies are available at Case Studies – Rent Rewiew / Lease Renewal

Andrew Orme is the principal officer at Orme Associates and for advice on Leasehold Reform; Andrew’s resume is available here and his LinkedIn profile is at available here via LinkedIn.

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Orme Associates Property Advisers is the trading name of Monument Square Ltd (Co Reg. No 09909965), registered office 9A York Street, Liverpool, L1 5BN