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Upwards-only rent reviews: reform that misses the mark?

Contentious change redistributes risk
from left: Edward O'Grady and Oliver Spero. (HTC)
from left: Edward O'Grady and Oliver Spero. (HTC)
By Edward O'Grady, Oliver Spero
Hartnell Taylor Cook
May 19, 2026 | 6:21 AM

The ban on upwards-only rent reviews marks a potentially profound shift in commercial leasing. Having underpinned income certainty and investment value across the UK property market, their removal signals an attempt to rebalance landlord and tenant interests, it arguably misses the mark on addressing the root causes of market pressure.

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