Rent review disputes are quite common. They arise as a result of one party to the lease – usually the landlord – seeking to adjust the rent pursuant to the market review clause.
Landlords will often want to push the rent higher to a level they consider fair but the tenant is not obligated to accept this If the parties cannot work it out, generally a valuer will be appointed to make a determination as to what the new rent will be. The rent can in recessionary times be reduced and a retail lease cannot include a clause to prevent that or it will be disregarded.
In the more common example of the landlord wanting to raise the rent in a rising market, a tenant will be well served to approach the landlord before exercising the option.
We can assist tenants in negotiating the optimum outcome in a rent review dispute. Landlord reviews never just have to be accepted. We can assist in advising you as to your options.
Feel free to contact us by calling us on 1300 907 335 or alternatively complete the contact form on this page and we will respond to you promptly