Course description
Rent review provisions may seem a dry subject but are a key clause in any commercial lease for any landlord seeking investment return. For a tenant the rent may well be the most significant outgoing for their business so the level of potential increases are of vital importance.
Following the COVID pandemic turnover rents have become popular in some situations, but these can be tricky to get right. Errors in the drafting of Indexed rent reviews have led to much litigation.
Presented by the highly experienced and popular presenter Hannah Mackinlay, this virtual classroom seminar will explain the types of rent review and look at drafting tips and traps on each.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Rent review provisions may seem a dry subject but are a key clause in any commercial lease for any landlord seeking investment return. For a tenant the rent may well be the most significant outgoing for their business so the level of potential increases are of vital importance.
Following the COVID pandemic turnover rents have become popular in some situations, but these can be tricky to get right. Errors in the drafting of Indexed rent reviews have led to much litigation.
This virtual classroom seminar will explain the types of rent review and look at drafting tips and traps on each.
What You Will Learn
This live and interactive session will cover the following:
- An overview of the types of rent review
- Indexed/RPI/CPI - drafting tips and traps
- Turnover rents - key points to watch out for and how to work with the client and their surveyor or accountants to result in a workable outcome
- RICS market value
- The essential concepts of 'assumptions and disregards' and their impact on practical situations - improvements, breaches of covenant, determination by experts etc.
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...