# Appraisal clause

> Mechanism for setting renewal rent via independent appraisal.

**Canonical URL:** https://classa.info/glossary/appraisal-clause
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **category**: Legal
- **regionScope**: US, UK

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Citation: Source: Class A Atlas (https://classa.info/glossary/appraisal-clause), updated 2026-04-01T00:00:00.000Z.