Choosing the Right Words: Interpreting Rent Review and Renewal Clauses in Commercial Leases

Authors

  • Gary R. Menzies

DOI:

https://doi.org/10.29173/alr1075

Abstract

This article examines the various ways that courts have interpreted rent review and rent renewal clauses in commercial leases. Both the subjective and objective approaches are discussed and cases illustrative of these approaches are examined. The author then outlines the implications of restriction on use clauses in this area; case law is discussed and practical drafting hints are suggested. Finally, sample rent renewal clauses are provided, favourable to both landlord and tenant respectively.

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Issue

Vol 34, No 4

Section

Articles

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