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Wed 07 Jul 2009Upwards only rent review legislation 'a waste of time'
In today's business environment no commercial tenant in his right mind would take a long lease for over 15 years - and upwards only rent reviews are on the way out without any need for legislation says
BILL NOWLAN.
IN VARIOUS recent editions you have extensively covered protests by property owners and their advisors about the banning of upward-only rent reviews as well as the cheering by some tenants for this new legislation. A little perspective is required on the issue. I personally think this legislation was a waste of legislative time.
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