REVIEW OF THE ANNUAL RENT. 7.1 In this clause the President is the President for the time being of the Royal Institution of Chartered Surveyors or a person acting on his behalf, and the Surveyor is the independent valuer appointed pursuant to clause 7.7.
REVIEW OF THE ANNUAL RENT. 1.3 In this clause, the President is the President for the time being of the Royal Institution of Chartered Surveyors or a person acting on his behalf (President), and the Surveyor is the independent valuer appointed pursuant to clause 1.12 (Surveyor).
REVIEW OF THE ANNUAL RENT. On the Review Date the Annual Rent shall be reviewed in accordance with the Incorporated Terms.
REVIEW OF THE ANNUAL RENT. 7.1 In this clause the Surveyor is the independent valuer appointed pursuant to clause 7.7.
REVIEW OF THE ANNUAL RENT. On each Review Date the Annual Rent shall be reviewed so that the rent payable under this Lease shall be an amount equivalent to the Superior Rent as reviewed and payable under the Superior Lease
REVIEW OF THE ANNUAL RENT. 7.1 The Annual Rent shall be reviewed on the Review Date to the indexed rent determined pursuant to this clause.
REVIEW OF THE ANNUAL RENT. In this clause the President is the President for the time being of the Royal Institution of Chartered Surveyors or a person acting on his behalf, and the Surveyor is the independent valuer appointed pursuant to clause 1.38. The amount of Annual Rent shall be reviewed on each Review Date to equal: the Annual Rent payable immediately before the relevant Review Date (or which would then be payable but for any abatement or suspension of the Annual Rent or restriction on the right to collect it) or, if greater; the open market rent agreed or determined pursuant to this clause. The open market rent may be agreed between the Landlord and the Tenant at any time before it is determined by the Surveyor. If the open market rent is determined by the Surveyor, it shall be the amount that the Surveyor determines is the best annual rent (exclusive of any VAT) at which the Property could reasonably be expected to be let: in the open market; at the relevant Review Date; on the assumptions listed in clause 1.36; and disregarding the matters listed in clause 1.37. The assumptions are: the Property is available to let in the open market: by a willing lessor to a willing lessee; as a whole; with vacant possession; without a fine or a premium; for a term of ten years commencing on the relevant Review Date, and otherwise on the terms of this lease other than as to the amount of the Annual Rent but including the provisions for review of the Annual Rent; the willing lessee has had the benefit of any rent-free or other concession or contribution which would be offered in the open market at the relevant Review Date in relation to fitting out works at the Property; the Property may lawfully be used, and is in a physical state to enable it to be lawfully used, by the willing lessee (or any potential undertenant or assignee of the willing lessee) for any purpose permitted by this lease; the Landlord and the Tenant have fully complied with their obligations in this lease; if the Property, or any means of access to it or any Service Media serving the Property, has been destroyed or damaged, it has been fully restored; no work has been carried out on the Property that has diminished its rental value any fixtures, fittings, machinery or equipment supplied to the Property by the Landlord that have been removed by or at the request of the Tenant, or any undertenant or their respective predecessors in title (otherwise than to comply with any law) remain at the Property; and the willing lesse...
REVIEW OF THE ANNUAL RENT. 7.1 In this clause the President is the President for the time being of the Royal Institution of Chartered Surveyors or a person acting on his behalf, and the Surveyor is the independent valuer appointed pursuant to clause 7.7. The open market rent means the open market rent based on agricultural use of the Property.
REVIEW OF THE ANNUAL RENT. 6.1 On or before the Review Date, the Landlord and the Tenant, acting in good faith, shall use all reasonable endeavours to agree any change in the Annual Rent for the year after that Review Date.
REVIEW OF THE ANNUAL RENT. On the Review Date the Annual Rent shall be reviewed in accordance with paragraph 3 of Schedule 1 to this lease.
