James Letchford

With the English Devolution and Community Empowerment Act 2026 (the “Act”) having received Royal Assent on 29 April 2026, the long-anticipated abolition of so-called 'upwards-only' rental clauses is now confirmed. When the relevant parts of the Act relating to upwards-only reviews come into force, which is expected in 2027, the change will represent one of the most significant reforms to commercial leasing in decades. What is an upwards-only rent review?

Hunters are most popular: within Real Estate and Construction, Law Department Performance and Finance and Banking topic(s) in United Kingdom with readers working within the Pharmaceuticals & BioTech industries Protection for commercial tenants to remain in business premises beyond the contractual term of their lease has been a staple of English law since the Landlord and Tenant Act 1954. The way it was sold to me years ago was rather quaint: consider a greengrocer on the local high street.

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