Posted by Vicky Hernandez, Partner
Webinar: Agribusiness and the rural economy
The unintended consequences of Covid-19: some of the positive effects it is having on agribusiness and the rural economy
At Royds Withy King we are still able to serve all your legal needs during the Coronavirus pandemic. Find out more.
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Delayed decision on business rates creates window to design a bold new tax regime
Posted by Vicky Hernandez, Partner
The government has delayed making a decision on introducing a new tax on online sales in its March Budget following dramatic growth in online sales during the COVID pandemic. It had been widely anticipated that this would be accompanied by a shake-up of the business rates regime and throw a much-needed lifeline to struggling high streets.
Major shift in retailer landlord relations on way
Posted by Vicky Hernandez, Partner
The government has set out its eagerly awaited roadmap to re-opening a locked-down country. Shops and hairdressers together with outdoor hospitality will reopen from 12 April, with all restrictions hopefully removed by 21 June.
The future of retail: what lessons can we learn from 2020?
Posted by Vicky Hernandez, Partner
No-one would argue that 2020 hasn’t been tough for retailers but there are some who are emerging as clear winners from this turbulent year.
What does the last quarter of 2020 hold for retailers? Some signs of hope perhaps?
Posted by Vicky Hernandez, Partner
It’s the September quarter day and an important day for retailers as, for many, the next quarter’s rent will be due to their landlords. However, as the Government recently extended its moratorium on the recovery of commercial rents until the end of the year landlords may not have high hopes of being paid today.
Landlords and tenants will welcome long overdue changes to outdated use class regime, says law firm Royds Withy King
Posted by Vicky Hernandez, Partner
Here we explain the changes to the property use class system, and Vicky Hernandez comments on what the changes might mean for landlords.
Face mask rules contradictory and could affect retail footfall, says law firm Royds Withy King
Posted by Vicky Hernandez, Partner
Vicky Hernandez from our Real Estate team comments on the latest guidance for retailers as wearing masks in shops becomes mandatory from today, 24 July 2020.
Bat boxes and boreholes – how a wildlife survey blocked a housing development
Posted by Vicky Hernandez, Partner
In a case keenly watched by the agricultural sector, a planned housing development on a farm in south Wales may not be able to proceed due to the developer being unable to undertake wildlife surveys. A ruling that has significant implications for both landowners and agricultural tenants.
Turnover rents underpin AllSaints CVA, say their real estate solicitors Royds Withy King
Posted by Vicky Hernandez, Partner
Creditors of AllSaints, the fashion retailer with 225 stores in 26 countries, have today approved its CVA with a majority vote of over 90% in favour of the retailer’s proposals. The CVA will see rents paid to landlords in the UK, Canada and the US directly linked to the future success of the retailer through the adoption of turnover rents.
Situation critical: Intu’s woes tell us that retail landlords desperately need Government support
Posted by Vicky Hernandez, Partner
Following the news that Intu is close to administration, Vicky Hernandez from our specialist Retail team looks at what this might mean for commercial landlords in the sector as well as the future of the high street.
Retail rents to be linked to turnover and footfall, says law firm Royds Withy King
Posted by Vicky Hernandez, Partner
Retail tenants will increasingly demand rents linked to turnover and footfall, says property law firm Royds Withy King. But how do turnover leases account for online sales, click and collect, returns, and any future forced closures?
Retail landlords gearing up to issue statutory rent demands, says law firm Royds Withy King
Posted by Vicky Hernandez, Partner
Retail landlords are reportedly ignoring government guidelines to protect retailers who cannot pay their rent by gearing up to issue statutory demands for rent arrears, says law firm Royds Withy King.