The squeeze on commercial landlords
Covid-19 has been tough on both landlords and tenants. In this article we review what is happening to rent negotiations and payments, with a focus on how it is impacting commercial landlords. We also discuss the potential knock-on effects to institutional commercial property investors and other markets and review potential remedies for landlords depending on the circumstances.
Commercial property: Where do we stand with rent payments?
In just a few weeks, on the 24th June, the next quarterly rent payment for most commercial tenants will be due to landlords. In this note, we take a look at who did and who didn’t pay their rent last quarter, at the likelihood that landlords will receive rent this quarter, and at the outlook for landlords and tenants under the current lockdown. We also examine a new government proposed code of conduct for landlords and tenants regarding rent negotiations, announced last week.
Emergency changes to insolvency law
In a landlord and tenant relationship, the insolvency process has in the past often been used as an effective debt recovery tool. However, on 20th May 2020 the government published the new emergency Corporate Insolvency and Governance Bill to temporarily protect companies and directors who are currently facing trading difficulties due to the coronavirus. This article looks at the proposed changes and the implications.
Residential property: Emergency legislation reminder
Following our article reviewing how commercial property has been affected by the Coronavirus Act 2020, we have received a number of queries concerning residential property and how that has been affected. This short article summarises the main points from the Coronavirus Act (section 81).
Points to consider when terminating a lease early
The current economic uncertainty and trading issues caused by the Covid-19 induced lockdown may mean that some of you are considering whether you can end your existing commercial lease early. This short article deals with some of the ways that it might be possible and some of the issues that might arise.
Commercial Property: Emergency legislation update
We review some of the key points from the recently enacted Coronavirus Act 2020 and how this affects commercial property. In particular, section 82 which deals with a number of measures to protect commercial tenants. We also take a look at the proposed changes to the insolvency rules, expected to be made law later this month.
Commercial Property: Landlords and Tenants Playing Poker
This article has some insight and guidance on what is happening in the commercial property markets as a result of the coronavirus lockdown.
Residential Conveyancing Pricing & Scope of Work
We usually carry out residential conveyancing work for a fixed and guaranteed fee. Here we outline our costs as well as the disbursement costs associated with a residential purchase or sale. We also outline our scope of work associated with these transactions.