A commercial property is let for £4164 a year and the rent has not been incresed in 10 years.?

Question

In the lease it said that the rent should have been increased in 2000, 2003 and 2006 but this has never happend. Does anyone have an idea of what the rent could be?

Answer 1

The lease probably reserves the right to increase the rent, if the landlord wishes to. He obviously hasn't wanted to. I think it's rare that a lease would have an automatic rent rise built into it, always depends on the circumstances. A good tenant paying a rent is a million times preferable to a bad tenant paying a high rent.

Answer 2

no but I'd start looking for another place before it goes up just in case it does & its too expensive