Interim rent guide
Interim rent is a source of confusion for landlords, tenants and practitioners alike. Shoosmiths deals with hundreds of lease renewals each year, and this short guide deals with some of the more frequently asked questions.
Interim rent is payable from the earliest date on which the tenancy could have been brought to an end by the relevant Section 25 notice, or the tenant could have given in its Section 26 notice for commencement of the new tenancy. So, two key points arise:
- No claim for interim rent will arise unless a Section 25 or Section 26 notice has been served.
- The date specified in the notice is not necessarily the relevant date for interim rent purposes. The key is to look at when the notice was served. Remember that the notice cannot end the tenancy any earlier than contractual expiry and must give a minimum six months’ notice…
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