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Sunday, September 26, 2021
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Bricks and mortar on the high street has seen a massive shift by UK property funds as they drastically cut their exposure when the Covid-19 pandemic took hold. Lock-down closures and the shift to on-line sales and...
Owners (landlords) of commercial (business) premises and sometimes residential premises want to let to a tenant on a short term basis, but are fearful of creating a long-term arrangement such that the tenant cannot be removed if the landlord...
A policy paper outlining a process of binding arbitration, to be used only as a last resort, has recently been published. It explains how the legislation will determine how the arbitration process will be implemented between landlords...
Over recent years retail landlords have had to accept that they are in a tenants’ market, so even before Covid they already had to adapt or see their premises vacant for long periods. Covid just made this...
Government policy throughout the COVID-19 pandemic has been to help viable businesses - and the millions of jobs that they provide - to survive. Early on the government introduced measures to protect tenant businesses...
Communities secretary Robert Jenrick has received a call from The Commercial Tenants Association, representing around 500 businesses, from retailers to office and hotel tenants, arguing that the government impose the tenants’ concession on commercial landlords.
From the 1st of August, developers will be allowed to convert a wide range of business premises into residential apartments and flats. Office to residential conversions are already allowed under permitted development rights (PDR),...
Especially at a time like this, in the middle of a pandemic, when good commercial tenants are hard to find, landlords dread the time when a lease comes to an end, or their tenant goes into administration.
During these difficult times many tenants have found themselves in the position of wanting to divest themselves of surplus property, to reduce rental commitments by ending a lease agreement before it full term has expired.
The future for city centre office use remains uncertain until we see how the return-to-work drive pans out, but in all likelihood fewer people will travel into these offices on a daily basis. There could be more...