We provide a wide range of legal services to individuals through our specialist teams of solicitors across our offices.
We provide a wide range of legal services to individuals through our specialist teams of solicitors across our offices.
Online Services
We provide a wide range of legal services to businesses through our specialist teams of solicitors across our offices.
Online Services
What do you do as a landlord where the lease for commercial premises allows an upward only rental increase?
Firstly you should check the terms of the lease but you should also consider commercial factors such as the current economic climate and comparable rents in the local area in reaching your decision to increase the rent.
Following these practical steps can uncomplicate the process:
The recommendation is to take professional advice and to be realistic on what increase can be achieved. The professional advice would incur costs which cannot be claimed back from the tenant. Depending on where the premises is located landlords may need to think whether the rent increase justifies the time and expense incurred together with current economic factors. The Commercial Property team at Pinney Talfourd will always be happy to discuss any issues you may have and make a referral where alternative professional services are required.
The above is meant to be only advice and is correct as of the time of posting. This article was written by Inderdeep Kanda, Solicitor in the Commercial Property team at Pinney Talfourd LLP Solicitors. The contents of this article are for the purposes of general awareness only. They do not purport to constitute legal or professional advice. Specific legal advice should be taken on each individual matter. This article is based on the law as of September 2024.