Fixed Review definition
Examples of Fixed Review in a sentence
Where the Review Method for any Review Date is a Fixed Review, the Rent on and from the Review Date is increased by the rate set out in Item 6 of the Schedule for that Review Date.
RENT 14 4.1 Payment of Rent 14 4.2 Rent commencement 14 4.3 Deleted 14 4.4 Market review of Rent 14 4.5 Lessee's dispute of Rent 14 4.6 Maximum increase on review 17 4.7 Fixed Review 17 5.
On and from each Fixed Review Date, the Rent will be increased to the amount set out below next to the corresponding Fixed Review Date.
On each Fixed Review Date, the Rent shall increase to 103% of the Rent payable immediately prior to that Fixed Review Date.
The Annual Rent must be increased on each Fixed Review Date by an amount equal to 103% of the Annual Rent for the year immediately preceding the relevant Fixed Review Date.
If the Review Method for any Review Date is a Fixed Review, the annual Rent on and from that Review Date is calculated by increasing the annual Rent payable by the Lessee on the day immediately preceding the relevant Review Date by an amount equal to four per centum (4%) of that annual Rent.