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Shows that rent review clauses offer a great deal of scope for interpretation. Discusses the basic terms associated with rent review clauses. Reviews recent cases taken to the Court of Appeal and the court′s decisions. Concludes that the landlord usually benefits from the strict literal interpretation, but with a swing towards a more liberal reading of the document the tenant can often benefit.

Assesses the implications of the Uniform Business Rate (UBR) on rent review. Summarises the phasing provisions, entitlement to phasing‐in and phasing and examines the legal issues surrounding the new commercial lease rate.