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DRS1RICS Dispute Resolution Service (DRS) Request for the appointment of an Arbitrator or Independent Expert for a Commercial Property Rent Review in England, Wales or Northern Ireland. Notes to consider

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How to fill out commercial lease rent review

01

Review the terms of the lease agreement regarding rent review clauses.

02

Gather all necessary documentation related to your lease agreement, including rental payment history and any correspondence with the landlord.

03

Calculate the current market rent for the property by researching comparable properties in the area.

04

Prepare a formal written request for a rent review, explaining your reasoning and providing any supporting evidence.

05

Schedule a meeting with the landlord to discuss the rent review and negotiate any potential rent adjustments.

06

Document any agreements reached during the rent review process and make sure to update the lease agreement accordingly.

Who needs commercial lease rent review?

01

Commercial tenants who want to ensure that their rent is in line with current market rates.

02

Landlords who want to formalize the rent review process and make sure that rent adjustments are made fairly and consistently.

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What is commercial lease rent review?

Commercial lease rent review is a process where the landlord and tenant come together to review and potentially adjust the rent amount agreed upon in the lease contract.

Who is required to file commercial lease rent review?

Both the landlord and tenant are typically required to participate in the commercial lease rent review.

How to fill out commercial lease rent review?

To fill out a commercial lease rent review, both parties must gather relevant financial information and negotiate any proposed changes to the rent.

What is the purpose of commercial lease rent review?

The purpose of commercial lease rent review is to ensure that the rent amount remains fair and reflective of current market conditions.

What information must be reported on commercial lease rent review?

Information such as current rent amount, market comparables, expenses, and any proposed changes to rent must be reported on the commercial lease rent review.

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