Wednesday, December 8

Tag: reviews

Things to Know About Market Rent Reviews

Things to Know About Market Rent Reviews

Finance, Real Estate
Things to Know About Market Rent Reviews The Market Rent Review procedure is employed in a few different situations. Market rent reviews are mainly used in situations where the lease is considering termination, the lease terms uncertain, or the property has become undesirable to the tenants. If the lease is entering the buy type, a market rent review would occur before the proposal of a new lease contract, since this type of market rent review is unlikely. In many circumstances, there may be two market rent reviews occurring, one for the tenant's benefit and the other for the owner's benefit. If only one market rent review occurs, this would be the commencement of the tenancy and will be regarded as the beginning of the lease term. If it is appropriate to have three different market re...