Commercial Lease Rent Reviews (Paper)

Materials comprised of a Paper and PowerPoint Handout. 

Presenters:

Reid Quinlan Registered Valuer and Director, Seagar & Partners (Auckland) Limited
Michelle Hill Partner, Dentons Kensington Swan

Synopsis:

Rent reviews are crucial aspects of commercial leases, allowing landlords to adjust rental rates over time. In this paper, we will delve into the intricacies of rent review processes, exploring various methods and their implications for the parties.

Our expert contributors will provide practical insights into how rent reviews work in practice, the role of valuers and when they get involved, arbitration procedures and how long they take, as well as the impact of incentives and rent review clauses on rental rates. Additionally, they will discuss relevant caselaw, address considerations for drafting rent review clauses and offer strategies your client can use to achieve the best outcome from rent reviews.

These Materials will help you:

• Gain practical insights into the operational dynamics of rent reviews.
• Understand the pivotal role of valuers and the triggers for their involvement.
• Acquire knowledge about arbitration procedures, including expected timelines.
• Explore the influence of incentives and rent review clauses on rental rates.
• Receive an overview of pertinent caselaw shaping rent review practices.
• Master the art of drafting effective rent review clauses.
• Develop strategic approaches for clients to optimise outcomes in rent reviews.

Intended Audience: