ESTON-analysis - Rent review
The idea of rent review is not yet so well known in Hungary, although it is commonly used across Europe in all segments of the real estate market. In case of adoption, the landlord has the right to review the rent periodically (usually every 5 years) during the whole period of the lease. According to Western-European practice, the clause generally takes effect after 5 years, and protects both landlord’s and tenant’s interests. As a consequence, with the co operation of a third party (expert, real estate professional) based on actual market information, a new, real rent level will be defined.
