The Government moratorium preventing landlords from taking action against commercial tenants is due to expire at the end of March 2021.
The pandemic is impacting commercial property and the relationship between landlords and tenants has never been under so much pressure. However, some landlords are still seeking to exercise their contractual lease rights and are implementing rent reviews which can often lead to an occupiers' costs increasing.
With the Government moratorium preventing landlords from taking action against commercial tenants due to expire at the end of March, we anticipate many landlords will use this as a further opportunity to pursue lease regears or changes that might provide short term concessions, but could have a long-term impact for the occupier.
The outcome of a rent review or lease regear can be strongly influenced by the use of an experienced professional advisor. Our proactive and creative approach to these types of negotiations can often reduce occupiers' costs over many years.
Let us undertake a free review of your current position and provide an initial appraisal that can help you to understand if taking professional advice would prove cost-effective.
Read more about our rent review services here.
Contact: Simon Harper, MRICS.
Partner, Head of Tenant Advisory
Direct Line: 01494 689614
Mobile: 07801 109649