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Rent Review: Expert Witness And Arbitration rent review expert witness and arbitration


• Rent review clauses in commercial leases are designed to provide an agreement between a landlord and a tenant in case when they are unable to agree on a case. This usually happens on processes such as new rent where an experienced surveyor is appointed to determine it. • • Basically, the process of rent review expert witness and arbitration involves an expert that will provide if the decision is binding to both parties - and the person appointed must act either as an expert or an arbitrator. We are going in detail about both of the scenarios below.


Acting As An Expert • In the case of acting as an expert, the independent person must exercise his own professional expertise and judgement to the rental level and should generally rely upon the guidance of the professional body or an institution. Here, there is no legislation and little of law that is governing the appointment or conduct. • Experts have no power to compel any disclosure of documents in the attendance of witnesses and there is no right of appeal except in some (limited) circumstances.


Acting As An Arbitrator • The process of rent review expert witness and arbitration can also take the form of arbitration. Here, the arbitrators cannot decide an issue other than evidence received from the parties. They also may not delegate any of the duties even though they can point out to matters of which the parties may not be aware. • An arbitrator is a legal entity regulated by an institution that must comply with the requirements in the handling of the proceedings. There is a limited right of appeal and every irregularity is challenged in court.


Summary • The cost of appointing an expert is what makes the decision for many people looking for the topic ‘ rent review expert witness and arbitration’. However, in either case the specific provisions must be observed in detail. While an expert appointment is more appropriate for lower value leases, professional arbitration is a case that is more serious.

Expert witness and arbitration  

The cost of appointing an expert is what makes the decision for many people looking for the topic ‘rent review expert witness and arbitratio...

Expert witness and arbitration  

The cost of appointing an expert is what makes the decision for many people looking for the topic ‘rent review expert witness and arbitratio...

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