What is a rent review?

A rent review is a clause in a commercial lease that allows the landlord to adjust the rent periodically, usually every three or five years, to reflect current market rates.

Do I have to renew my lease?

If your lease is protected by the Landlord and Tenant Act 1954, you generally have a right to renew. However, there are specific circumstances where a landlord can oppose renewal.

How long does the process take?

Lease renewals and rent reviews can take several months, especially if negotiations are complex. Starting early is crucial to avoid tight deadlines.

Can I negotiate other lease terms?

Yes, a lease renewal is an opportunity to negotiate other lease terms, such as break clauses, service charge caps, or repair obligations, not just the rent.

Commercial lease renewal & rent review

Book Commercial lease renewal & rent review

Commercial lease renewal and rent review services help businesses navigate the complexities of their property leases. Surveyors can advise on market rents and lease terms, ensuring you get a fair deal. This protects your business interests and helps maintain stability.

When do you need a Commercial lease renewal & rent review?

You will need this service when your commercial lease is nearing its expiry date or a rent review clause in your existing lease is approaching. It is best to engage a surveyor well in advance, typically 6-12 months before these dates, to allow ample time for preparation and negotiation.

What happens on the day

On the day of your initial consultation, you will meet with the surveyor to discuss your current lease, property details, and business objectives. They will ask questions to understand your situation and explain the process, including key dates and potential strategies. Follow-up work will involve market research and negotiation.

How to prepare

Gather your existing commercial lease agreement.
Note down any specific concerns or objectives you have.
Provide details of any recent property improvements you have made.
Prepare any correspondence related to previous rent reviews.
Consider your business's future space requirements.

How to improve your result

Maintain good records of all lease-related communication.
Understand local market conditions before negotiations start.
Be prepared to negotiate based on strong evidence.
Seek professional advice early to maximise your options.

Why it is useful day to day

Secures your business premises on fair terms, avoids unexpected rental increases, and provides certainty for future planning, supporting your long-term operations.

Why we ask these questions

We ask about your property, current lease terms, business type, and future plans to fully understand your commercial needs. This helps us accurately assess market conditions, identify relevant comparable properties, and develop the best negotiation strategy for your renewal or rent review. Knowing your specific circumstances allows for tailored and effective advice.