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3 or 5 year rent reviews?

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  • 04-12-2010 8:11pm
    #1
    richard2010
    Registered Users Posts: 202 ✭✭


    Hi folks,

    Im not sure if this is the right forum, mods please feel free to move it. I am currently studying for a degree in a property related field. I am currently completing an assignment and one question has come into my mind and its has started to bug me as I cant find an answer to it.

    Which is better three or five year rent reviews on commercial leases and why?

    Any links or help on this would be helpful.

    Cheers
    :D


Comments

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    #2
    Victor
    Registered Users Posts: 78,388 ✭✭✭✭Victor


    We don't do people's homework for them.

    What is the length of the lease? (There is more to that question than one would think).

    Is there a break clause?

    Is there a rent-free period.

    Rent reviews cost money in fees.

    Doing it every three years means any potential increase occurs then, but it is less than the amount that would happen after 5 years.

    Draw your own conclusions.


  • Options
    #3
    richard2010
    Registered Users Posts: 202 ✭✭richard2010


    Victor wrote: »

    Doing it every three years means any potential increase occurs then, but it is less than the amount that would happen after 5 years.

    Cheers Victor thats exactly what I was after.


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