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Foot Anstey

| less than a minute read

What goes up might now come down - the new ban of upwards only rent reviews in commercial leases

Upwards only rent review provisions are lease clauses under which, when rent is reviewed, the rent can only stay the same or increase. It cannot go down, even if market rents or other review measures have fallen. The legislation will mainly operate prospectively, but with some important carve‑outs and potential traps for landlords.