US EditionPROPOSED BAN ON UPWARDS-ONLY RENT REVIEW CLAUSES: A SIGNIFICANT TURNING POINT FOR UK COMMERCIAL LEASING | Northamptonshire Chamber of Commerce
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PROPOSED BAN ON UPWARDS-ONLY RENT REVIEW CLAUSES: A SIGNIFICANT TURNING POINT FOR UK COMMERCIAL LEASING | Northamptonshire Chamber of Commerce
In an unexpected proposal the UK Government has unveiled a legislative proposal to ban upwards-only rent review clauses (UORRs) in new and renewed commercial leases under the English Devolution and Community Empowerment Bill. This proposal if enacted will be one of the most significant changes to the commercial leasing sector. The aim of the Bill is to make commercial leasing fairer for tenants and ensure rents are set more efficiently and to …
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