The provisions on rent reviews contained in section 132 of the Land and Conveyancing Law Reform Act 2009 (the “Act”) came into effect from 28 February 2010.

Section 132 of the Act applies to business leases and provides that a provision in a business lease granted after 28 February 2010 which provides for a review of the rent payable under the lease, is to be construed as providing that the rent payable following such a review may be fixed at an amount which is less than, greater than or the same as the amount of rent payable immediately prior to the date on which the rent falls to be reviewed. The section cannot be contracted out of and applies only to the part of a lease which is permitted to be used for business purposes.