ABSTRACT
Investments in real estate are normally acquired on initial yields on the presumption that rental values will continue to grow. For the landlord to benefi t, there must be some mechanism in any but a short lease for the rent to be increased. Most modern leases contain provisions to ensure that the rent payable under the lease is reviewed at regular and frequent intervals. The basis of the rent review depends on provisions contained in the lease. There are no statutory interjections relating to this aspect of leases, even where other aspects of the lease are subject to the provisions of the Landlord and Tenant Act 1954 as amended. Rent review clauses have become very detailed and need careful interpretation in determining their effect on the level of rent to be set. The lease will normally provide machinery for the resolution of any dispute between the parties.
