Upwards and outwards: the proposed ban on upwards-only rent reviews for commercial leases
In an unexpected move, the Government has announced plans to ban upwards-only rent reviews in new commercial leases under the English Devolution and Community Empowerment Bill. This announcement has attracted a lot of attention from the property market and, if enacted, would bring one of the most significant changes to English commercial leasing in quite some time.
In this article, Siobhan Burton and Hannah O’Malley explore the implications of the proposal.