Indexed rent review clause based on RPI subject to cap and collar (non-annual review)
A clause providing for changes to the rent payable under a lease. The clause is drafted on the basis that the rent will change based on the Retail Prices Index (RPI) (although a different index can be specified). It provides for both a maximum and minimum increase at each review (often known as a capped and collared review or a capped and floored review). The clause provides for an indexed rent review that occurs less frequently than annually. While the cap and collar are based on cumulative maximum and minimum increases each year, there is no change to the rent between the specified dates for rent review. For an example of a similar clause where the indexed rent review occurs annually, see Standard clause, Indexed rent review clause based on RPI subject to cap and collar (annual review). The standard clause is drafted to fit into standard document commercial leases offered by Practical Law Property but can also be adapted for use in other leases.
Already a Practical Law customer? Sign in
Get access to this document with Practical Law
The value of Practical Law
Deliver results and stay ahead with the help of Practical Law's built-in network of legal experts
As a legal professional, your time is a precious resource. Whether you need insights on a market-leading precedent, help navigating a new topic, how-to guidance on the law with an integrated drafting note, or a checklist to help mitigate risk, you can rely on Practical Law.
Practical Law is the only legal know-how solution supported by a team of over 650 full-time global editors who obsessively monitor the law and create resources to help you navigate the unknown and practise more efficiently.
Learn more about Practical Law
Make the most of your time and resources
Jumpstart your work
Easy-to-use tools deliver a great starting point, so you spend less time searching for templates, building presentations, or delving into unfamiliar areas.
Get how-to guidance
Practical resources provide you with in-depth expert knowledge and insights to help you work more efficiently and make informed decisions confidently.
Rely on worldwide expertise
We offer global and comparative content with thousands of assets covering critical legal topics in more than 100 countries, including weekly updates and daily alerts for EU Law.