What the upwards-only commercial rent review ban means for landlords and tenants
For decades, the commercial property market in England and Wales has operated on a bedrock of predictable income, writes Tariq Phillips, commercial property specialist solicitor at KWW Solicitors in East Molesey. Central to this stability was the upwards-only rent review (UORR) clause. These provisions guaranteed that a property’s rent could only climb or stay the