REVIEW OF RENT. The purpose of this Chapter is to explain changes in the amounts of rent and other sums that you may have to pay from time to time.
REVIEW OF RENT. 29.1 From and including the First Review Date to and including 30 October 2017 the Rent shall be the higher of:
REVIEW OF RENT. Note: the comments contained in this dialogue box are intended to assist the parties to understand clause 56. The comments do not form an operative part of this agreement Clause 56(a)-(l) sets out the process for the review of market rent. It provides (among other things) that prior to the review date either party can propose a new rent which the other party can either accept or dispute. If the parties cannot agree, a valuer will determine the new rent. The new rent is payable from the review date. However, if the parties have not determined the new rent by the review date the current rent will continue to be paid until the new rent is determined. Once the new rent is determined there will be an adjustment for any difference between the rent which was paid from the review date and the new rent which should have been paid from the review date (such that any overpayment is repaid and any underpayment paid). The new rent will continue to apply and be payable thereafter.
REVIEW OF RENT. (a) If a CPI Review Date is specified in Item 10, the Rent on the CPI Review Date will be adjusted to an amount equal to the Rent payable immediately before the CPI Review Date multiplied by the Current CPI and added to the Rent payable immediately before the CPI Review Date.
REVIEW OF RENT. With effect from each Review Date the Rent shall be the amount payable (but for any abatement of Rent) immediately prior to that Review Date or if Greater the Open Market Rent as agreed or determined under Clause 7 of the Lease;
REVIEW OF RENT. (a) The Rent will be reviewed on each Rent Review Date in accordance with this clause 3.
REVIEW OF RENT. Subject to the balance of this clause: on each anniversary of the Commencement Date, the Rent will be adjusted to an amount equal to the Rent payable immediately before the Review Date multiplied by the Current CPI and divided by the Previous CPI; and on the next due date for the payment of the Rent, after the Tenant receives notice of the adjusted Rent from the Landlord, the Landlord and the Tenant must make any necessary adjustment to apply on and from the relevant Review Date. Subject to the RL Act, not earlier than six months before a Review Date, the Landlord may give the Tenant a Review Notice specifying the Market Rent to apply for the Review Period. The Valuer‑General’s decision in relation to the amount of the Market Rent is final and binds the parties. In determining the Market Rent, the Valuer‑General must: have regard to: the terms of this Lease including the Permitted Use; and where the RL Act applies, any other matters that the Valuer-General is required to have regard to under the RL Act. disregard the value of the Tenant's fixtures and fittings (except where the Landlord has contributed to the cost of any such fixtures and fittings in which case the extent of the Landlord's contribution must be recognised) and the goodwill of the Tenant's business; and determine a Market Rent which is not less than the Rent payable immediately before the relevant Review Period.
REVIEW OF RENT if the Council decides at its absolute discretion that it is necessary or appropriate to alter the Rent it may do so by giving to the Tenant notice by not later than the 1st August in any years of its intention to alter the Rent with effect from 1st November next following issue of such notice (but for the avoidance of doubt such revised Rent shall be payable on or before 14th January in accordance with clause 1 hereof) SCHEDULE 1 Full name of Tenant .............................................................................. Starting on (Commencement date) At a rent of £................................. VAT £................................. Total rent £ per week, this is subject to change I hereby accept the terms of the tenancy or the use of having read and fully understood the conditions overleaf and agree to observe the conditions at all times. Signed: ...................................................................... Signed on behalf of Blaby District Council: ...................................................................... Full name: ...................................................................... Designation: ......................................................................
REVIEW OF RENT. The Yearly Rent shall be reviewed in accordance with the provisions of this paragraph.
