Things to know about commercial leases – Rent reviews

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

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