The How and Why of Rent Reviews (WCPT377) – 1 Point

This session is heavily focussed on recognising the potential impact and major risk involved where an agency or individual within an agency fails in their understanding around critical issues relating to the how and why of Rent Review. Industry best practice relating to accurate, fair and realistic rent reviews are discussed. The session carefully examines the role of the valuer in arbitration and determination processes when rent reviews become a source of conflict between lessors and lessees. The use of unambiguous language and the need for both parties to agree on definitions and boundaries in the lease contract is explored.