All posts tagged "Valuation Date"
Five Key Dates
Dec 2013 – For purpose of agreeing or determining a rent, there are five key dates: 1) the review date;2) the valuation date;3) the earliest date for implementing the dispute resolution procedure4) the date when the revised rent is payable; and5) the date when any back rent is payable. The review date is either specifically […]
Purpose of Rent Review
Dec 2013 – The purpose of rent review is threefold: 1) to enable the landlord to review the rent payable; 2) for the tenant to ensure the rent payable is no more or less than it should be; 3) for both parties to monitor the performance of the location […]
Rent Review – Time of the Essence
Mar 2009 – Acting for a trustee of a restaurant property in East London, I was instructed to advise and take over negotiations for a rent review where the landlord’s previous surveyor had failed to serve a valid notice and the tenant’s surveyor had questioned the effective date of the review. The trustee’s solicitors had […]