Here's one for our commercial gurus! It's a bit of an odd one because we usually seek long term tenants but in this situation this presents an issue. Hypothetically lets say you purchase a commercial property and have long term tenants who at the time had already commenced a 3 year tenure with three further 5 year terms. Market review is not applicable and CPI review is valid. Having purchased a tenanted property you understand that this lease cannot be terminated, rather transferred to yourself; allowing you to make no adjustments to the lease agreement. Now lets say you wish to utilise this space more effectively however cannot remove the tenants from the premises nor can you over rule their favourable lease agreement. In addition to this you cannot increase their rent during the further terms with the exception of CPI reviews. What would your options be to: 1. remove the tenants; or 2. increase the rent. I understand that you can increase rent in the rare occasion that comparable rents in the area are much higher. But for this situation lets assume the business is unique and there are no other similar properties in the area. The other option is to demolish/ renovate, however let us not consider this in this situation.