Agreement or determination of the Reviewed Rent Clause Samples

Agreement or determination of the Reviewed Rent. The Open Market Rent at the Review Date may be agreed in writing at any time between the Landlord and the Tenant but if, for any reason, they have not so agreed by the Review Date then the Landlord may by notice in writing to the Tenant require the Open Market Rent to be determined by the Surveyor. The Surveyor shall, at the option of the Landlord, act either as an arbitrator in accordance with the Arbitration ▇▇▇ ▇▇▇▇ or as an expert, such option to be exercised by the Landlord by giving written notice to the President at the time of the Landlord’s written application to the President but if no written notice is given by the Landlord as aforesaid, then the Surveyor shall act as an arbitrator;

Agreement or determination of the Reviewed Rent. 3.1 the Reviewed Rent may be agreed at any time between the Landlord and the Tenant or, in the absence of agreement be determined not earlier than the Relevant Review Date by an Arbitrator to be nominated, in the absence of agreement between the parties, upon the application (made not more than two calendar months before or at any time after the Review Date) of either the Landlord or the Tenant by either the Present of the Law Society, or the President of the Institute or the President of the Society at the discretion of the party entitled to make the application. 3.2 In the event of the president or officer endowed with the functions of the said President of the Law Society or the Institute or the Society, being unable or unwilling to make the nomination therein mentioned the same may be made by the next senior Officer of the Law Society or the Institute or the Society who shall be so able and willing.

Agreement or determination of the Reviewed Rent. 3.1 The Open Market Rent at any Review Date may be agreed in writing at any time between the Landlord and the Tenant, but the Landlord and/or the Tenant (as the case may be) may at any time not earlier than 3 months before the Relevant Review Date: (a) either by agreement between them, or (b) by the Landlord or the Tenant giving Notice to the other require the Open Market Rent to be determined by the Independent Surveyor. 3.2 Any such determination by the Independent Surveyor shall be the Open Market Rent on the Relevant Review Date, unless the Open Market Rent has been agreed in writing by the Landlord and the Tenant at any time prior to such determination.

Agreement or determination of the Reviewed Rent. 3.1 The Market Rent at the Relevant Review Date may be agreed in writing at any time between the Landlord and the Tenant, but the Landlord may at any time not earlier than three months before the Relevant Review Date or the Landlord and/or the Tenant (as the case may be) may at any time after the Relevant Review Date: 3.1.1 either by agreement between them; or 3.1.2 by the Landlord or the Tenant giving Notice to the other; require the Market Rent to be determined by the Review Surveyor. 3.2 Any such determination by the Review Surveyor shall be the Market Rent on the Relevant Review Date, unless the Market Rent has been agreed in writing by the Landlord and the Tenant at any time prior to such determination.

Agreement or determination of the Reviewed Rent. 3.1 The Reviewed Rent may be agreed at any time between the Landlord and the Tenant or, in the absence of agreement, be determined not earlier than the Relevant Review Date by an Arbitrator or Independent Valuer to be nominated, in the absence of agreement between the parties, upon the application (made not more than two calendar months before or at any time after the Review Date) of the Landlord (or if the Landlord fails to make such application within twenty-eight days of being requested in writing so to do by the Tenant, then on the application of the Tenant) by either the President of the Law Society, or the President of the Institute or the President of the Society at the discretion of the party entitled to make the application; 3.2 The Landlord may direct whether the nominee is to act as an Arbitrator or Independent Valuer

Agreement or determination of the Reviewed Rent. The Actual Building Rent and the Notional Rent at any Review Date may be agreed in writing at any time between the Landlord and the Tenant but if for any reason (whether through failure or omission to agree or negotiate or to initiate any negotiation) the Landlord and the Tenant have not so agreed either or both of the Actual Building Rent and the Notional Rent then either the Landlord or the Tenant may (whether before or after the relevant Review Date) by notice in writing to the other party require whichever of the Actual Building Rent and the Notional Rent has not then been so agreed to be determined by the Surveyor

Agreement or determination of the Reviewed Rent. The Open Market Rent for the Assumed Premises at any Review Date may be agreed in writing at any time between the Landlord and the Tenant but if they have not been so agreed, either party may by notice in writing to the other require the Open Market Rent to be determined by the Review Surveyor.