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Commercial property rent review

Article contributed by Michael Lever   Commercial property rent review When drafting a lease of a commercial property containing rent review to the open market rent, careful-wording will enable whatever happens in practice to complement the underlying commercial purpose of a rent review – that, per British Airways plc v Heathrow Airport plc 1992 “…is to ensure that the rent payable during the term of a long lease reflects changes in the value of money and of the property let. This…

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