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What next for Covid-19 commercial rent arrears?

What next for Covid-19 commercial rent arrears?

Many commercial tenants, particularly in the hospitality and retail sectors, have accrued significant rent arrears during the Covid-19 pandemic. Despite the availability of government grants, many businesses have been simply unable to meet all of their outgoings in...
An incorrect rent review clause could be costly.

An incorrect rent review clause could be costly.

To correct or not to correct? That was the question for the Court of Appeal in the recent case of MonSolar IQ Ltd v Woden Park Ltd [2021], when faced with an incorrectly drafted rent review provision which could have increased the annual rent from £15,000 to £76...
What next for Covid-19 commercial rent arrears?

Ten key negotiating points when taking a new commercial lease

When a landlord and tenant try to settle the terms for a new commercial lease, each party will have clear objectives.  The landlord wants a secure income stream and confidence that the property will be left in good condition at the end of the lease.  The tenant wants...
Extending your commercial property

Extending your commercial property

If your business is expanding, you may have outgrown your current premises.  Before you start looking for a new site, it is worth investigating whether you could extend your existing property.  Depending on the site and the nature of your building, you may be able to...
Legal tips for optimising the sale value of commercial property

Legal tips for optimising the sale value of commercial property

If you are reviewing your commercial property portfolio, you may decide that the time is right to sell some of your property.  It goes without saying that you will want to get the best possible value from the sale.  Prices are strongly affected by the local property...
Can I change the use of my business premises?

Can I change the use of my business premises?

If the pandemic has left you with empty commercial property, now could be a good time to look for alternative uses.  To help businesses make the best use of commercial property, the Government has made the planning rules more flexible so that it is now possible to...