Course description
The dominance of the short-term lease has taken rent review down some different avenues. Indexation of rent will often be affected annually and continues to provide lessons in having a second and third pair of eyes on mathematical formulae in legal drafting.
Familiar questions remain as difficult as ever: what alterations and additions to the property should be rentalised? And when should the valuation assume the inclusion of a break clause?
This webinar will highlight the latest case law and issues. Join leading trainer Mark Shelton as he discusses variable rents in the current letting market, reviews base rent in turnover-rent leases, and explores methods of dispute resolution, plus much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The dominance of the short-term lease has taken rent review down some different avenues. Indexation of rent will often be affected annually and continues to provide lessons in having a second and third pair of eyes on mathematical formulae in legal drafting.
The move towards turnover rents may seem to lead away from traditional rent review, but in leases of sufficient length a periodic reassessment of base rent may still be required, and the context of a turnover lease may engage some thorny issues as regards assumptions and disregards. The same can be said for inclusive rent arrangements, also more commonly seen.
Familiar questions remain as difficult as ever: what alterations and additions to the property should be rentalised? When should the valuation assume the inclusion of a break clause? General principles of contractual interpretation are often tested to breaking point.
This webinar will highlight the latest case law and issues.
What You Will Learn
This webinar will cover the following:
- Variable rents in the current letting market
- Review of base rent in turnover-rent leases
- Common assumptions and disregards, and their effect
- Recent events and recent case law
- Methods of dispute resolution (expert v arbitrator)
Expenses
MBL Seminars Limited
With over 1,000 expert speakers covering more than 3,360 different topics, our course portfolio is vast and can be delivered either online or in-person. With over 450 years of collective professional development experience, we are proud to be trusted to...