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Sunday, September 20, 2020
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Landlord owners of hotel properties let to the Travelodge brand have reacted angrily to the hotel chain’s demands that they accept another round of steep rent cuts. The 588 hotel chain, owned by US...
Covid-19, is just the latest crisis to hit retailers battling on against reduced foot-fall in many regional towns. The effects of Covid have hit the sector hard, particularly with many high streets and shopping centres turning into...
Business tenancies have come under the spotlight more than ever during this COVID-19 epidemic and the landlord and tenant relationship has been put under unprecedented strain. Tenants have struggled to maintain their businesses in...
The Financial Conduct Authority (FCA), the City watchdog, is looking into more ways to deal with the problem of open-ended commercial property funds. Many of these unit trust funds are currently suspended from daily dealing because of...
Hammerson & British Land say they are still hopeful for a “retail rebound” despite struggling with third quarter rent issues, managing to collect just 16% and 36% respectively of the rents due to them for the third...
Agents are seeing an increase in inquiries for out-of-town offices which have adequate car parking and social distancing space within. Covid-19 is forcing a re-think on the ways people will continue to work in...
If homeworking or partial homeworking becomes the norm, as we come out of Covid-19 lock-down, vast swathes of city centres could be facing financial ruin, and that’s not to mention the affect on public transport and commercial...
When rent and service changes are not being paid, and when shops have ceased trading or when they become vacant, potentially doubling the insurance premium, landlords need to pay attention to their insurance policies.
With high street administrations and missed rent payments becoming commonplace, commercial property quarterly rent payment days are currently being highlighted in the media, with the last one, June 24th just having passed. Understandably, these deadlines are causing landlords and tenants...
A cash crisis has hit both landlords and tenants as a result of the coronavirus pandemic, with many commercial landlords receiving thousands of pound less in rent and service charges payments than they they are legally entitled...