rent review
C1CEFR level
75/100Rarity: rare
TechnicalRegister
Law phrase
A mechanism in a lease for adjusting the rent at set intervals, usually to open market value.
The upward-only rent review has pushed the annual rent well above current market levels.
Business noun
A contractual reassessment of the rent payable during a lease, usually to reflect market movement.
The upward-only rent review lifted the office rent by nearly a third overnight.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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