The Fight Over Upwards-Only Rent Reviews
The English Devolution and Community Empowerment Act has now received Royal Assent, bringing the proposed ban on upwards-only rent reviews one step closer to reality. Although the changes are not expected to come into force until 2027, the legislation is already creating uncertainty across the commercial property market.
In this episode, Richard and Lizzie break down what the Act actually says, the key amendments introduced during its rapid passage through Parliament, and the major questions that still remain unanswered.
Richard also explores the implications for landlords, tenants, investors and lawyers, including the retrospective impact on certain renewal options and what this could mean for lease negotiations going forward.
A must-listen for commercial property professionals trying to understand one of the most significant proposed shifts in leasing practice for decades.
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