Posted by Vicky Hernandez, Partner
The biggest reforms to property law for 40 years have been announced following the publication of proposed reforms for leasehold properties by the Housing Secretary, Robert Jenrick.
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.
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.
The Government has unveiled five new task forces devoted to vulnerable sectors of the economy.
In his statement yesterday (23 April), Business Secretary set out measures to protect high street shops and other companies under strain from aggressive rent collection.
Commercial landlords: our Real Estate team offers guidance on dealing with tenants in these unprecedented times.
As a commercial tenant, you’re safe – for now. However, the forfeiture moratorium under the Coronavirus Act 2020 is not a rental holiday. Unless you’ve agreed alternative arrangements with your landlord, your rent still falls due under the terms of the lease.
The effects of the unfolding coronavirus crisis on commercial property occupancy have been nothing short of seismic.
Pubs, restaurants and leisure centres across the country have closed. While not expressly told to close by the Government until 23 March, most retailers had already followed suit. All these businesses, along with many corporate occupiers – and their landlords – are feeling the pressure and grappling with the uncertainty.
As the UK high streets continue to feel the heat, the nation’s retailers have called on the Government to take steps to relieve the pressure on the sector and ensure a level playing field with online rivals.