Climent and Perea [Journal of Computational and Applied Mathematics 58:43–48, 2003; MR2013603] proposed first the convergence theory of two-stage iterative scheme for solving real rectangular linear systems. In this article, we revisit the same theory. The first main result provides some sufficient conditions which guarantee that the induced splitting from a two-stage iterative scheme is a proper weak regular splitting. We then establish a few comparison results. Out of these, many are even new in nonsingular matrix setting. Further, we study the monotone convergence theory of the two-stage iterative method. Besides these, we also prove the uniqueness of a proper splitting of a rectangular matrix under certain assumptions.