Rent Reviews

Rent reviews are periodic assessments of a commercial or residential lease's rent amount. Typically scheduled at set intervals, they allow landlords and tenants to adjust the rent to reflect current market values. The process ensures that rent remains fair and can help both parties avoid outdated agreements. The review might be based on a specific formula, local market rates, or an independent valuation. The exact method and timing are usually outlined in the lease agreement. Overall, rent reviews help maintain a balanced rental relationship by updating rent prices in line with economic changes.