Residential Rent Increase RPI or OMVMake Text Bigger
Hi Guys, got an interesting one I am trying to work out the method to be used to review the rent. The residential property has a Lease of 43 years, with yearly reviews but I cannot workout from the clause what method is used to review the rent.
The clause reads
‘On each of the Review Dates the Rent (being the rent payable per calendar month) shall be adjusted to be equal to any percentage increase, as measured on an annual basis from the date of the commencement of the Tenant’s occupation of the Property under the terms of this Lease, in the sum of any housing benefit or equivalent state or other benefit which is receivable by the Tenant in respect of his occupation of the Property.
I’m sure this is probably obvious to most, but I cant get my head around it.
Any and all help appreciated.
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