Open AccessChoosing the Right Words: Interpreting Rent Review and Renewal Clauses in Commercial Leases
Author(s) -
Gary R. Menzies
Publication year - 1996
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr1075
Subject(s) - landlord , sample (material) , law and economics , economics , law , business , political science , chemistry , chromatography
This article examines the various ways that courts have interpreted rent review and rent renewal clauses in commercial leases. Both the subjective and objective approaches are discussed and cases illustrative of these approaches are examined. The author then outlines the implications of restriction on use clauses in this area; case law is discussed and practical drafting hints are suggested. Finally, sample rent renewal clauses are provided, favourable to both landlord and tenant respectively.