If you are an investor, developer, or a land or business owner, it is likely that the impact of the COVID-19 pandemic has affected your business interests in some way with lasting effects for some time to come.
According to a recent analysis from the Scottish Property Federation (SPF), the total value of commercial property sales across Scotland has rebounded between July and September. A total of £1.2 billion worth of sales were completed in the quarter, nearly double the total value of commercial property sales recorded in the previous quarter (£763 million) and £336 million more than the same quarter of 2018.
Rent review clauses are commonplace in today’s commercial market, but why? This blog will address the different rent review mechanisms and essential considerations when entering into a lease.