Hi, can I get some advice from all the experts how to calculate the rental review by CPI formula on ADLS lease edition sixth? Formula copied as follows: A = B X (C + D)
A= the CPI reviewed rent from the relevant CPI rent review date
B = the annual rent payable immediately before the relevant CPI rent review date
C = CPI for the quarter year ending immediately before the relevant CPI rent review date
D = CPI for the quarter year ending immediately before the last rent review date or if there is no previous rent review date, the commencement date of the current term of the lease
where (C+D) shall not be less than 1
the CPI figure that I found from internet are all the 4 digits, for example CPI is 1194 for Dec 2014. If I use the formula with this figure, the new rent looks good but unreasonable. Please tell me what is wrong with it. Many appreciated for all your help.
Regards
Winny
A= the CPI reviewed rent from the relevant CPI rent review date
B = the annual rent payable immediately before the relevant CPI rent review date
C = CPI for the quarter year ending immediately before the relevant CPI rent review date
D = CPI for the quarter year ending immediately before the last rent review date or if there is no previous rent review date, the commencement date of the current term of the lease
where (C+D) shall not be less than 1
the CPI figure that I found from internet are all the 4 digits, for example CPI is 1194 for Dec 2014. If I use the formula with this figure, the new rent looks good but unreasonable. Please tell me what is wrong with it. Many appreciated for all your help.
Regards
Winny
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