Yes, and we strongly recommend that expert legal advice is taken at all stages of a commercial rent review process (including on commercial agreement and drafting of terms) often in conjunction with the expertise of a specialist surveyor. Traditionally, an open market rent review, usually on an ‘upwards only’ review basis, has been provided for in commercial leases and we are experienced in negotiating technical terms of the associated lease clauses for both landlords and tenants.

There are other options, however, and rent levels could instead for example be linked to the changes in the retail prices index. There is also an increasing trend towards ‘turnover rent’ leases whereby the rent is calculated by reference to the gross turnover of the tenant at the premises, with complex legal drafting requirements. A rent review may be determined by an expert or arbitrator in the event that the parties cannot reach agreement between themselves, and we also guide clients through these processes.

Related areas

Does this answer your question?

If not enter your details below to get an answer from a member of our team.

  • This field is for validation purposes and should be left unchanged.

Related FAQs

Yes – but we will need to check whether English law applies to the agency contract and whether there are any terms in the agency contract which prohibit the agent from acting for a competitor (whether expressly or impliedly). Even if there are no such terms, the agent may be in serious breach of its statutory duties and/or fiduciary duties to you by acting for a competitor, which might enable you to terminate the agency contract. However, we will need to assess the factual circumstances before you take any action.

As a starting point you should think about ensuring that the distributor network will not infringe competition law, which could expose you to hefty fines. It is therefore crucial to assess the proposed network under both UK and EU competition laws as well as the national competition laws of countries outside of the EU and the UK where distributors will be based. We recommend that local law advice is taken in the countries where the distributors will be based because many countries outside the UK provide legal protections to distributors, including a right to payment of compensation on termination.

The starting point is to ensure that your contract with this customer includes provisions which set out both the payment terms and the terms on which you will supply. This is to ensure that your customer cannot refuse to pay by disputing that you have not fulfilled your side of the bargain! Subject to this we can advise on various payment scenarios ranging from requiring payment in advance to using letters of credit to obtaining a bank guarantee, to just issuing an invoice following your supplying the customer. It depends on the level of risk with which you feel comfortable.


Title CV Email

Remove All