Blog: COVID-19 – Advice For Commercial Landlords And Tenants

Blog: COVID-19 – Advice for commercial landlords and tenants

In this article we provide advice for commercial landlords and tenants impacted by the COVID-19 pandemic which has affected almost every industry in the UK, with many businesses experiencing a severe strain on their cashflow as a result. While commercial tenants may be struggling to pay rent in full and on a regular basis, their landlord could also be under pressure if they rely on these payments to maintain their own cashflow. Both parties to a commercial lease contract should understand how their liabilities and obligations have been affected by…

New: Law Society calls for review of end of SDLT holiday to prevent sales collapsing

The Law Society has made a press release that calls for urgent action to prevent the end of the temporary increase in the residential SDLT nil-rate band. This is due to end on 31 March 2021, resulting in possibly, thousands of aborted sales. The Law Society is urging people to write to their MP to call for action. It has also suggested three possible options for the government to address the problem: Extend the temporary increase in the SDLT nil-rate band, thereby providing more time for buyers to complete transactions.…

News: Avanton is to tackle London’s housing crisis

The build-to-rent (BTR) group Avanton is to tackle London's housing crisis with massive plans to increase its landbank in the capital. The Avanton Group is to tackle London's housing crisis and has acquired a £500M fund to be utilised over a three-year period and will target the purchase and development of sites across London boroughs, including Islington, Southwark, Wandsworth, Wimbledon, Hammersmith, Lambeth, Camden, and Brent. The group seeks to acquire sites with values of between £20m to £100m, providing for 300 to 1,000 units per development.  Avanton is targeting up…

The construction industry to adapt to be more energy efficient

Tony Chauhan, Property Partner at Bowling & Co Solicitors comments on the Government's response to the consultation on Future Homes Standard (FHS), and consults on Future Buildings Standard. He explains that "the changes are going to have a positive impact upon the environment and will require the construction industry to adapt to be more energy efficient in the way they build. This will mean more cost and careful planning for construction methods." Background: In October 2019, the Ministry of Housing, Communities and Local Government (MHCLG) published a consultation on the…

Long Leases For London’s Tenants

Long leases for London’s tenants

Sadiq Khan leads the way with long leases for London's tenants looking to get on the shared ownership property ladder. Affordable Housing Programme The Mayor of London, Sadiq Khan, has outlined plans to sell shared ownership homes delivered as part of his new Affordable Housing Programme with long leases for London's tenants on a standard 999-year lease term. Sadiq is determined that London leads by example and sets the benchmark for higher standards for leaseholders across the UK.  The new expectation, which was set out in a letter written by…

Upcoming leasehold reforms

Upcoming leasehold reforms are planned to make it easier and cheaper for people to buy their homes  In July 2020, the Law Commission (Commission) published Leasehold Home Ownership: buying your freehold or extending your lease, which set out recommendations to make it easier and cheaper for leaseholders to buy the freehold of their building or extend their lease. Housing Secretary, Robert Jenrick, announced on 7 January 2021 that, millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years at zero ground rent…

Update to the Smoke and Carbon Monoxide Alarm regulations for residential landlords

In late 2020, the Ministry of Housing, Communities, and Local Government published a consultation seeking views on proposed amendments to the Smoke and Carbon Monoxide Alarm (England) Regulations 2015 (SI 2015/1693). Landlords of residential rented properties in England must comply with the Smoke and Carbon Monoxide Alarm (England) Regulations 2015. The aim of the consultation was to require landlords to: Install a carbon monoxide alarm in any room used as living accommodation where a fixed combustion appliance that uses any fuel type is installed (excluding gas cookers). Repair or replace…

Review of commercial landlord and tenant legislation to be launched

Communities Secretary Robert Jenrick announced in December 2020 a review of the outdated commercial landlord and tenant legislation will be launched in early 2021, to address concerns that the current framework does not reflect the current economic conditions. This review will consider how to enable better collaboration between commercial landlords and tenants and also how to improve the leasing process to ensure our high streets and town centres thrive as we recover from the pandemic and beyond. The review of commercial landlord and tenant legislation will be launched this year…

Retail tenants should check the small print

As a fresh wave of lockdown measures cut across the UK, retail tenants may be experiencing new concerns about how to pay the rent, but another ticking timebomb is the viability of their landlords. Even before the pandemic, the high street was undergoing radical change and the continuing restrictions have seen a dramatic shift in consumer habits towards online shopping. Faced with such a shift towards e-commerce, few were surprised to see the recent demise of Intu, a large retail landlord with shopping centres that include the Trafford Centre in…

Tenants’ guide to commercial leases during a pandemic

Whilst various lockdown restrictions have been eased, others have only recently been introduced. This has led to a plethora of concerns with some commercial tenants now seeking clarity in respect of their position. Accordingly, we have put together a guide below to clarify some points commonly raised. What to do once your lease term ends? If you have decided to move on upon the end of your contractual term, then all you would need to do is simply move out. However, if recent events have resulted in indecision with your…

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