The cost of appointing an expert is what makes the decision for many people looking for the topic ‘rent review expert witness and arbitration’.

1. Rent Review: Expert
Witness And Arbitration
rent review expert witness and arbitration

2. • Rent review clauses in commercial leases are
designed to provide an agreement between a landlord
and a tenant in case when they are unable to agree
on a case. This usually happens on processes such as
new rent where an experienced surveyor is appointed
to determine it.
•
• Basically, the process of rent review expert witness
and arbitration involves an expert that will provide if
the decision is binding to both parties - and the
person appointed must act either as an expert or an
arbitrator. We are going in detail about both of the
scenarios below.

4. Acting As An Expert
• In the case of acting as an expert, the independent
person must exercise his own professional expertise
and judgement to the rental level and should
generally rely upon the guidance of the professional
body or an institution. Here, there is no legislation
and little of law that is governing the appointment or
conduct.
• Experts have no power to compel any disclosure of
documents in the attendance of witnesses and there
is no right of appeal except in some (limited)
circumstances.

5. Acting As An Arbitrator
• The process of rent review expert witness and
arbitration can also take the form of arbitration.
Here, the arbitrators cannot decide an issue other
than evidence received from the parties. They also
may not delegate any of the duties even though they
can point out to matters of which the parties may not
be aware.
• An arbitrator is a legal entity regulated by an
institution that must comply with the requirements in
the handling of the proceedings. There is a limited
right of appeal and every irregularity is challenged in
court.

6. Summary
• The cost of appointing an expert is what makes
the decision for many people looking for the
topic ‘rent review expert witness and
arbitration’. However, in either case the specific
provisions must be observed in detail. While an
expert appointment is more appropriate for
lower value leases, professional arbitration is a
case that is more serious.