Review Surveyor definition

Review Surveyor means an independent chartered surveyor appointed under paragraph 3 of schedule 5 and, if to be nominated by or on behalf of the President for the time being of the Royal Institution of Chartered Surveyors, the President shall be requested to nominate an independent chartered surveyor having recent substantial experience in the letting and valuation of premises of a similar character and quality to those of the Premises,

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Review Surveyor means an independent chartered surveyor who is an independent chartered surveyor having not less than ten years practice next before the date of his appointment and recent substantial experience in the letting and valuation of premises of a similar character and quality to those of the Premises and who is a partner or director of a leading firm or company of surveyors having specialist market and valuation knowledge of such premises

Review Surveyor means an independent chartered surveyor of not less than ten (10) years’ experience of valuing and leasing property similar in nature to the Assumed Premises in the City of London appointed from time to time under this clause 5 to determine the Open Market Rent.

Examples of Review Surveyor in a sentence

In default of agreement between the Landlord and the Tenant on the appointment of the Review Surveyor, the Review Surveyor shall be appointed by the President on the written application of either party, such application to be made not earlier than three (3) months before the Relevant Review Date and not later than the next succeeding Review Date.
The Open Market Rent at any Review Date may be agreed in writing at any time between the Landlord and the Tenant but if, for any reason, they have not so agreed, either party may (whether before or after the Relevant Review Date) by notice in writing to the other require the Open Market Rent to be determined by the Review Surveyor.
If the Review Surveyor fails to give notice of his determination within the allotted time, or if he dies, is unwilling to act, or becomes incapable of acting, or if, for any other reason, he is unable to act, the Landlord or the Tenant may request the President to discharge the Review Surveyor and appoint another surveyor in his place to act in the same capacity, which procedure may be repeated as many times as necessary.
If the Review Surveyor dies, is unwilling to act, or becomes incapable of acting, or if, for any other reason, he is unable to act, the Landlord or the Tenant may request the President to discharge the Review Surveyor and appoint another surveyor in his place to act in the same capacity, which procedure may be repeated as many times as necessary.
The Review Surveyor shall act as an arbitrator in accordance with Arbitration Act 1996 but excluding the power given under Section 48(5) of that Act.
In default of agreement between PropCo and Elder Care Co on the appointment of the Review Surveyor, the Review Surveyor shall be appointed by the President on the written application of either party, such application to be made not earlier than six months nor later than one month before the Market Review Date, provided that PropCo may not make such an application to the President until Elder Care Co has made an election or is deemed to have made an election in accordance with paragraph 5 of this Schedule.
If the Review Surveyor fails to give notice of his determination within the allotted time, or if he dies, is unwilling to act, or becomes incapable of acting, or if, for any other reason, he is unable to act, the Landlord or the Tenant may request the President to discharge the Review Surveyor and appoint another Review Surveyor in his place to act in the same capacity, which procedure may be repeated as many times as necessary.
The Open Market Rent at the Review Date may be agreed in writing at any time between the Landlord and the Tenant but if, for any reason, they have not so agreed, either party may (whether before or after the Review Date) by notice in writing to the other require the Open Market Rent to be determined by the Review Surveyor.
The Open Market Rent for the Assumed Premises at any Review Date may be agreed in writing at any time between the Landlord and the Tenant but if they have not been so agreed, either party may by notice in writing to the other require the Open Market Rent to be determined by the Review Surveyor.
The Review Surveyor shall (unless the parties shall otherwise agree) act as an arbitrator in accordance with the Arbitration Act ▇▇▇▇.

More Definitions of Review Surveyor

Review Surveyor means an independent chartered surveyor of not less than ten (10) years' standing, who is experienced in valuing and leasing property similar to the Premises and is acquainted with the market in the area in which the Premises are located appointed from time to time under this clause to determine the Open

Review Surveyor an independent surveyor of not less than ten years standing who is experienced in valuing property similar to the premises

Review Surveyor means an Independent chartered surveyor appointed pursuant to paragraph 3(1) of this schedule and if to be nominated by or on behalf of the President for the time being of the Royal Institution of Chartered Surveyors the said President to be requested to nominate an independent chartered surveyor having not less than five years practice in the locality of the Premises next before the date of his appointment and recent substantial experience in the letting and valuation of office premises of a similar character and quality to those of the Premises and who is a partner or director of a leading firm or company of surveyors having specialist market and valuation knowledge of such premises

Review Surveyor means a Member of the Royal Institution of Chartered Surveyors based in the City of London who is an independent chartered surveyor with not less than ten (10) years' experience of valuing and leasing property similar in nature and location to the Premises and who is well acquainted with the market in the area in which the Premises are located appointed from time to time under this clause 5 to determine the Open Market Rent.