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Publication Date: 2004
Publisher: Estates Gazette, Limited
Every commercial lease nowadays contains a rent review clause. Ambiguously worded, or demanding strict adherence to a timetable, these clauses may not simply require recourse to an arbitrator or independent expert to decide the rent but may, in certain circumstances, lead to costly litigation. Arbitration and Rent Review has become a standard work in the property world for guidance on rent review. In a clear style, the author examines the procedures that landlord and tenant should follow in order to agree a new rent or to have one decided by arbitration. By means of cases, he highlights the key areas of conflict that come before the courts, the contentious issues being introduced in the order in which they would be encountered by landlords or tenancts facing a review. In this expanded third edition, Ben Beaumont has incorporated many recent cases from Britain, as well as from Canada, Australia, and New Zealand, both to clarify current legal views and to underline difficulties. The author looks fully at the implications of the 1996 Arbitration Act, of which he says: 'There will not be revisions for many years nor will they be required.' The book is written for the non-lawyer, and legal jargon is kept to a minimum. A glossary of terms is supplied, and Lord Bingham of Cornhill, a former President of the Chartered Institute of Arbitrators, has contributed a foreward.Beaumont, Ben is the author of 'Arbitration and Rent Review ', published 2004 under ISBN 9780728204256 and ISBN 0728204258.