This book focuses on the determination of rents upon reviews or renewals of leases of commercial and retail properties. It provides detailed analysis of this narrow but complex area, in which the provisions of rent review clauses vary greatly from lease to lease, and even in the same properties.

Offers guidance on how to deal with the rent review process. This book takes the surveyor through each stage of the rent review: from consideration of the various aspects of the lease, preparation of the valuation to the conclusion of the review by negotiation or third party determination.

The Handbook of Rent Review offers guidance on all matters relating to rent review, including the machinery of review, valuation aspects and practical points for the arbitrator and expert during the hearing of a disputed review.

This new edition follows the same format as the previous, focusing on the determinations of rents upon reviews or renewals of leases of commercial and retail properties. It provides a detailed analysis of this narrow but complex area, in which the provisions of rent review clauses vary greatly from lease to lease, and even in the same properties. It refers to the relevant valuation and legal principles, with extensive reference to case law, including the facts of each case, lease provisions, counsel's argument, and relevant excerpts from the judgments, bringing it up to date to the end of December 2013. The book explains the history, purpose and operation of rent review clauses; the basis of assessment, including the interpretation of clauses, and definition of terms commonly encountered; the controversial question of lease incentives or inducements; the principles of assessment applied; determinations under retail shop leases; the distinction between "speaking" and "non-speaking" valuations; the functions of the valuer in the process, including the difference between a valuer and an arbitrator; the independence of a valuer; whether determinations are final and binding on the parties.

Legal textbook for members of the profession who practice in this area, practising valuers and land economists, students and other practitioners in the property professions. Second edition which updates the significant changes which have been made by statute of the law of compensation for the compulsory acquisition of land since the first edition was published in 1983. Quotes extensively from leading judgments, particularly in the assessment of compensation following the compulsory acquisition of land. Includes a table of cases, table of statutes and an index. The author is president of the Australian Institute of Valuers, Mayor of Parramatta City Council and a member of the Bar.