Commercial Rent Review 

Here at The UpCo we help landlords and tenants across the North West secure fair rent for leasehold commercial properties.

One of the ways we do this is with our rent review service, which ensures the rent you pay is appropriate for the property and the area that you occupy.

What is a rent review?

Typically occurring every three to five years, a rent review is a formal assessment of the rent you pay for a commercial property. As mentioned, this helps ensure that rental amounts are aligned with current market rates and provide fairness for both tenants and landlords.

Rent reviews are provisions in many commercial leases, which allow the tenant and landlord to evaluate current rental rates and negotiate new terms. 

The importance of rent reviews

Regular commercial rent reviews are important for a number of reasons:

  • Financial protection - They ensure tenants are paying a fair market rent and help landlords by preventing losses from static rental income when market rates increase.

    Predictable occupancy costs - Rent reviews give tenants clarity on rental costs and potential increases, making financial planning easier. 

    Investment value - They help landlords maintain appropriate rent levels to preserve a property’s value.

    Lease stability - Rent reviews reduce disputes through structured, fair adjustment processes.

With 20 years of experience in the industry we’re well versed in helping secure  rents that are fair for tenants and landlords. Our expert team provides data-driven analysis which is key in supporting your rent review negotiations.

What is the commercial rent review process?

  • Notification: The landlord (usually) formally notifies the tenant about the upcoming review, typically providing three months' notice to allow for adequate preparation

  • Assessment: Our Chartered Surveyors conduct a thorough valuation of the property based on comparable local assets and current market conditions

  • Serve notice: The landlord submits formal documentation outlining the proposed new rental terms, after which the tenant has 28 days to respond with any counter-proposals

  • Negotiation: If there are counter-proposals negotiations are held between both parties to achieve the best possible outcome - we can negotiate on your behalf

  • Documentation: Once terms are agreed, a document (memorandum) is created detailing the new rental amount, review date, and implementation timeline, and this is signed by both parties

We’re an expert partner for commercial property tenants and landlords throughout the Wirral, Liverpool and Greater Manchester, and we’re here to arrange fair rental levels that allow tenants some financial freedom and foresight, and landlords a fair rental income, while maintaining good relationships between both parties.

We can also help with lease renewals where leases are nearing the end of their term. 

Arrange a commercial rent review with The UpCo

Are you paying the right amount of rent for your commercial property? Whether you have a rent review approaching or you’d like to learn more about what fair market rates are in your area, we’d be happy to advise you.

Get in touch today via our website, send us an email at hello@theupco.co.uk or call 0151 542 5000 to discuss your needs.
We’d love to hear from you.