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Wednesday, May 12, 2021
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In a world where significant constraints are being placed on a landlords' ability to recover outstanding rents, many suspect that some commercial tenants are using the crisis to avoid paying, or avoid paying in full. This when...
The government came to the aid of commercial tenants with the Coronavirus Act 2020, to try to protect their interests in a time of crisis. However, the measures included apply from 26 March 2020 which have now been extended 31...
Commercial tenants, with the landlords consent, not to be unreasonably withheld, can assign their lease (transfer it) to a third party (new tenant) on application. A common condition of the landlord giving their consent...
In every tenancy there is an implied right if not an express covenant that promises that the tenant is able to possess the premises, not just without noise, “quiet enjoyment” as the term implies, but in peace...
Life is tough from commercial landlords at present, but there are things they can do to improve their chances as we enter a New Year, and still further Covid restrictions. Covid has changed the...
One of the remedies for rent arrears in commercial tenancies is a process known as forfeiture. Another is a more recently available remedy known commonly as CRAR – Commercial Rent Arrears Recovery. CRAR is...
US buyout group Blackstone and London-based Telereal Trillium paid Network Rail £1.5bn for The Arch Company, owning more than 5,000 commercial properties, including a large portfolio of railway arch units, in 2018. The sale...
Some big corporate retailers, many of them large-scale international businesses, that have the wherewithal to survive the pandemic relatively unscathed, it seems, are taking advantage, given the disparities in size, to ride roughshod over small-scale commercial landlords.
The move follows a successful exchange of contracts before Travelodge’s CVA break clause deadline on 18 November 2020. Hotel operator Travelodge drew the ire of many of its landlords back in June when it...
Experts think that history may repeat itself, just as when valuers were caught out in recent years for valuing retail stores and shopping centres too optimistically. The warning signs were there early on, but...