valuation date

valuation date
In the context of rent reviews, the date for which the rent of a property is to be valued for rent review. For example, if the valuation date is 24 June 2013, then the value of the let property at that date will be used when ascertaining the rent for that review. The valuation date is usually the same as the review date, but this does not have to be the case.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • 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

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