rent review

rent review
The landlord may have reserved the right to review the rent at intervals during the period of the lease. There is usually a mechanism that can be invoked to determine a new rent which will reflect changes in the market since the lease was originally granted. The lease usually specifically states that the rent may only be reviewed upwards to avoid the rent being reduced if the market has fallen.

Easyform Glossary of Law Terms. — UK law terms.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • rent review memorandum — A form of memorandum, usually kept with the lease, which records the amount of the revised rent agreed or determined at the conclusion of a rent review. Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • rent review — / rent rɪˌvju:/ noun an increase in rents which is carried out during the term of a lease (most leases allow for rents to be reviewed every three or five years) …   Dictionary of banking and finance

  • review date — In the context of rent reviews, the date on which a rent review is to take effect. For example, if the review date is specified as 24 June 2013, and if the rent changes as a result of that review, the new rent will be payable from 24 June 2013.… …   Law dictionary

  • Rent (musical) — RENT redirects here. For other uses, see Rent (disambiguation). Goodbye Love redirects here. For the 1933 film, see Goodbye Love (film). Rent Original Broadway window card Music Jonathan Larson Lyrics Jonathan Larson …   Wikipedia

  • Rent control — refers to laws or ordinances that set price controls on the renting of residential housing. It functions as a price ceiling.History of rent controls in AmericaIn the United States during World War I, rents were controlled through the efforts of… …   Wikipedia

  • Rent.com — is the largest apartment listing service on the Internet. It was acquired by eBay in 2005. [] HistoryRent.com was co founded by Scott Ingraham and Arthur Oakley Hunter Jr. in 1999. The Company was the first pay for performance online rental site …   Wikipedia

  • review — {{Roman}}I.{{/Roman}} noun 1 considering sth again ADJECTIVE ▪ careful, complete, comprehensive, detailed, extensive, full, full scale (esp. BrE), fundamental (esp. BrE), in dept …   Collocations dictionary

  • Rent (film) — Infobox Film name= Rent caption= Rent imdb id= 0294870 producer= Michael Barnathan Chris Columbus Robert De Niro director= Chris Columbus writer= Jonathan Larson (play) Steve Chbosky Chris Columbus (screenplay) starring= Anthony Rapp Adam Pascal… …   Wikipedia

  • rent — rent1 rentability, n. rentable, adj. /rent/, n. 1. a payment made periodically by a tenant to a landlord in return for the use of land, a building, an apartment, an office, or other property. 2. a payment or series of payments made by a lessee to …   Universalium

  • rent — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ exorbitant, high ▪ The tenants were not prepared to pay the higher rents demanded. ▪ affordable, cheap, low ▪ …   Collocations dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”