Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Rent Review definition

What does Rent Review mean? Rent review is the contractual mechanism in a lease for periodically resetting the rent during the term. In practice, it commonly uses one of four methods: open market rent, indexation (e.g. RPI/CPI), fixed “stepped” uplifts, or turnover rent. Under an open market rent review, the rent is reassessed by reference to comparable properties on the review date, assuming a hypothetical letting between a willing landlord and willing tenant of the actual premises on the existing lease terms, but subject to stated assumptions and disregards (typically assuming vacant possession and lawful use, and disregarding tenant’s improvements and goodwill). The concept is not defined...

Rent review of 1991 Act agricultural holdings in Scotland: statutory basis, intervals and notice, TFC Code, Land Court applications, valuation factors, and proposed ‘fair rent’ reforms

Published by a LexisNexis Property expert

Practice notes

Contractual and statutory basis of Rent Review and time intervals Tenants under 1991 Act

Tenants with 1991 Act tenancies enjoy strong security of Tenure together with statutory tacit relocation. While parties may set out rent review terms within the lease itself, rent adjustment is, subject to that, governed by the Agricultural Holdings (Scotland) Act 1991, s 13 (AH(S)A 1991), which provides for variations in rent once the contractual ish has passed and at specified intervals thereafter. As the vast majority of 1991 Act leases continue on tacit relocation, rent review is, in almost all instances, determined by AH(S)A 1991, s 13. This statutory scheme cannot be excluded by agreement, although the parties may consensually alter the rent at any time. In Moll v McGregor 1990 SLT (Land Ct) 59 (not reported by LexisNexis®), one lease dated from 1944 and another from an earlier period. In 1977 the parties attempted to amend a lease then continuing on tacit relocation by tying rent review to indexation. It was held that it was not competent to contract out of the statutory rent review mechanism in 1991 Act, s 13. This does not, however, mean that where the parties agreed a completely...

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Emma Robertson

Shepherd and Wedderburn

Emma Robertson is accredited by the Law Society of Scotland as a Specialist in Agricultural Law. She has experience across the board in respect of all aspects of rural legal work from the purchase and sale of farms and estates to onshore renewables. Emma has a particular interest in agricultural law and acts for both landlords and tenants across Scotland. Her experience includes the preparation of new agricultural leases including 1991 Act tenancies and fixed duration tenancies, advising on aspects of tenancies including rent reviews, tenant’s improvements, the relinquishment procedure, succession and waygo....

Web page updated on 22/05/2026

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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