The Government has confirmed that it will be renewing the measures it introduced to protect tenants in the commercial property sector unable to pay their rent due to the COVID-19 pandemic. Currently, commercial tenants benefit from a prohibition on landlords forfeiting commercial leases for non-payment of rent. This measure was due to end on 31
COVID-19
UK Government extends ban on commercial landlords from making statutory demands until end of 2020
The Government has confirmed that it will be extending the temporary ban on commercial landlords issuing statutory demands and winding up petitions against commercial tenants who have not paid their rent during the COVID-19 pandemic. A statutory demand can be issued where a corporate debtor owes £750 to a creditor. If the debt is not…
UK Government extends suspension of commercial property evictions until end of 2020
The Government has confirmed that it will be renewing the measures it introduced protecting tenants in the commercial property sector unable to pay their rent due to the COVID-19 pandemic. Currently, commercial tenants benefit from a prohibition on landlords forfeiting commercial leases for non-payment of rent and restrictions on landlords using commercial rent arrears recovery
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Executing Real Estate Deeds During Lockdown – Where Are We Now?
Why do real estate lawyers ask for deeds to be signed in “wet ink”?
The facility agreement is finally agreed. The execution versions of the ancillary documents have been deftly zipped and are ready for email circulation to the wider team. A real estate lawyer interjects that the charge needs to be executed in “wet…
UK Government extends suspension of commercial property evictions and introduces new code of practice for June 2020
The UK government has confirmed today that it will be renewing the package of measures it introduced for tenants in the commercial property sector unable to pay their rent due to the COVID-19 pandemic, including extending the moratorium on forfeiture and the restrictions on issuing statutory demands and winding up petitions from 30 June until…
Will COVID-19 Redefine UK Office Space? Commercial Office Use and Tenant Requirements Post-Lockdown
The spread of COVID-19 has forced the mass closure of workspace and the implementation of work-from-home policies in the majority of industries.
As the UK contemplates easing lockdown measures, businesses are having to consider what the world of work will look like in the “new normal”. But what does that “new normal” look like and…
Acquiring a property from an LPA receiver – what are the risks?
As we approach the June quarter day, it is not only landlords who will be keeping a close eye on rent collection. For lenders rent collection is also very important.
So far we have largely seen that lenders have been supportive of landlords in relation to unpaid rent for the March quarter day – in…
The Return to Work: COVID-19 Considerations for Leases
There has been much discussion of late around the effect of COVID-19 on leases, focusing in particular on the non-payment of rents by tenants and the limitation on the landlord’s usual arsenal of options for non-payment. As the lockdown eases and tenants prepare to return to their premises, there are likely to be other lease…
Will retail still be therapeutic post-lockdown?
As we slowly start to ease out of lockdown, the impact of how the retail landscape will be changed, remains to be seen. Some retail stores are starting their preparations to be ready to open again in England from 15 June 2020, however there are a number of factors that store owners will need to…
UK Government to publish code of practice for commercial property sector as June 2020 quarterly rent day looms
As the June quarterly rent day looms, the government has announced it is set to publish a new code of practice to support high street landlords and tenants. The code is said to be designed to provide “clarity and reassurance” over rent payments by encouraging “fair and transparent” discussions between landlords and tenants. It also…