Rent Review Clauses in Commercial Leases (April 2010)

Upwards only rent review clauses have now been banned in new business leases.

On 28 February 2010 provisions of the Land and Conveyancing Law Reform Act 2009 banning upward only rent review clauses in new business leases came into force. 

Subsequently, increased focus has been placed on existing leases which do not benefit from this legislation. Government stance is that applying the ban to existing leases would be unconstitutional.