In each edition of In Discussion we will spend a few minutes talking about a specific issue affecting the commercial property sector as a result of the COVID-19 crisis, in particular the drafting of commercial leases. The short videos are informal chats about how our experts think the current climate will shape the market in the immediate and medium term future.
1. Lease of the future: Rent Suspension
One of the frequently asked questions we had from landlords and tenants alike when lockdown became an inevitability was do tenants still have to pay rent under their leases. Jamie Barton and Richard Perkins discuss how coronavirus might affect the commercial property sector with a focus on the impact on drafting of rent suspension clauses in particular.
2. Rise of Turnover Rent:
Jamie Barton and Amy Brown discuss how coronavirus might affect the commercial property sector with a focus on the impact on rise of turnover rent.
3. Service Charge provisions
Jamie Barton is joined by Jackie Sinatra from Assure Consulting to look at the impact the pandemic has had on service charge and how service charge provisions might be affected going forwards. For further information on setting out a potential solution based on rebasing of service charges and referring to residential statute please refer to Assure Consulting’s blog post
4. Outlook for Retail and Leisure in 2021
2020 was horrendous for the the retail and leisure property sector, with a lot of high profile administrations and numerous shop closures. Can retail sustain our high streets? What does the current climate mean for retail parks? What do the digital shopping trends mean for bricks and mortar retail?
Partner Jamie Barton is joined by Senior Associate Amy Brown to discuss what they are expecting to see in 2021 in the sector going forward.
We hope that the information contained in this video offers some useful insight to the sector. Our events, videos and publications provide an overview of current law and market trends and are not intended as specific legal advice. If you require tailored legal advice please do not hesitate to contact us. Alternatively, to access more informal information on a range of topics please visit our COVID-19 Resource Hub, which we hope will prove useful in answering more general questions.