What is the Current Rent Rate for a Commercial Premises?

Rent is the amount payable to the Landlord for leasing the commercial premises. The amount payable will depend on the many factors such as a type of premises, location, surrounding areas and the like.

Once the rent amount is determined, the type of rent review may be agreed by the parties. The most common type of methods for rent review are:

1. Consumer Price Index;
2. Market Review; and
3. Fixed Increase.