Retail lease rent increases generally happen every year and can be by a
fixed-rate, percentage increase, or commonly reflect the Consumer Price Index
increase.
Then at the end of the lease, the rent is usually reviewed to the
current market rent, if the tenant agrees to take up their option to release
the premises.
If the tenant disagrees with the proposed market rental increase, it’s a
good idea to get an independent valuation to determine the revised
rent.
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Jason Gwerder
Monday, 26 July 2021
