- Category: Rent Monies
People can be surprised by how the rent under a lease on commercial property can change over time. And to make matters worse - well for a tenant that is - often only going upwards and not downwards.
It’s therefore critical to get to grips with these rent review clauses within any business lease for commercial property. If not, you may well pay the price.
You see, the driving force with more commercial properties is longer term investment value. Having that steady rent over a long period of time, and historically what they call on an ‘upwards only’ basis provides good solid investment value.
Residential property tends to be focused on more turnover of short-term lets at whatever the current rental level is at the time, or selling off with...Write comment (0 Comments)