{
  "url": "https://classa.info/glossary/appraisal-clause",
  "title": "Appraisal clause",
  "description": "Mechanism for setting renewal rent via independent appraisal.",
  "oneSentenceAnswer": "Mechanism for setting renewal rent via independent appraisal.",
  "tldr": [
    "Mechanism for setting renewal rent via independent appraisal.",
    "If the parties cannot agree on FMR, each appoints an MAI/MRICS appraiser; if those two cannot agree, they appoint a third, and the median wins."
  ],
  "keyFacts": {
    "category": "Legal",
    "regionScope": "US, UK"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/appraisal-clause), updated 2026-04-01T00:00:00.000Z."
}