Government to Scrap Upward-only Rent Reviews in Shock Announcement
- laurendoble
- Jul 9, 2025
- 1 min read
Updated: Jan 13
Upward-only rent reviews, which mean rents can only rise at set review periods, remain a cornerstone of UK leasing and property valuations. While their prevalence has declined over the last two decades, notably in the retail sector and for smaller lettings, they remain common.
Commercial Property Partner, Richard Holmes, comments in Green Street News: Europe.
“The proposed ban is a significant move in a market where UORRs remain the standard despite industry attempts to find alternatives.”
“While the reform aims to support tenants, the provision in the Bill will face strong resistance from landlords - particularly funds and institutional investors who rely on predictable income streams.”
Read the article here.
Richard Holmes (Partner)
Richard has advised the full spectrum of real estate owners from large multinational companies to high net worth individuals and also provides corporate support on a variety of transactions. Richard has worked with some of the largest commercial developers and property owners in the country on a range of different developments, including developments of shopping centres and offices.
