Ratchet clauses in commercial property leases are something tenants love to hate.

That’s not surprising because the implication is that with a ratchet clause, rents always go up at the time of a rent review.

The ratchet clause in a lease is often that; a set in concrete element of the lease that means landlords can and will automatically ratchet up a rental when it is time for the lease to be reviewed. Just this week I (more…)

The ratchet clause has long been a dirty word to businesses with commercial tenancies.

More than 95 percent of leases have a ratchet clause. Traditionally they never advantage the tenant. (more…)