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Rent Review Memorandum

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A Rent Review Memorandum is a formal document used in UK commercial leases to record the outcome of a rent review, detailing the agreed-upon new rent and its effective date. This memorandum, signed by both landlord and tenant, ensures legal clarity and serves as an official amendment to the lease terms.

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It formally documents the new rent agreed upon after a rent review, ensuring both parties are legally bound by the updated terms.

While not always mandatory, it's considered best practice to have a written record of any changes to rent, as stipulated in most commercial leases.

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