020 8221 8000 Enquire now

Commercial

Relief from Forfeiture update

Rent forfeitures and Commercial Rent Arrears Recovery

Eviction protection extended for businesses most in need On the 16th June 2021, the Government announced its intention to further extend the Moratorium in relation to commercial evictions in light of the COVID-19 Pandemic. This will now run until March 2022. As far as Commercial Rent Arrears Recovery (CRAR) is concerned, only rent that is more than 554 days in arrears can be collected, this meaning that the rent arrears from March 2020 quarters onwards cannot be recovered as of yet. The Government is preparing a full release on the…

To rent or buy a commercial property

To rent or buy a commercial property – which is the best option?

Deciding to rent or buy premises if you are considering an office move or expansion can be difficult. There are several factors you should consider and making the right decision can be challenging. In this article, we look at the pros and cons of each to give you an idea of what you may wish to think about or discuss with your adviser. Potential investment opportunity Firstly, like with any property purchase, buying a commercial property could be seen as an investment. The property may increase in value, and when…

Future proofing rent

Future-proofing rent suspension clauses

The fallout of the Covid-19 pandemic has meant that landlords and tenants must consider future-proofing rent suspension clauses. Following the initial lockdown in March 2020 and subsequent disruption for many businesses, commercial landlords and tenants now must face a reality that a balance has to be struck when negotiating new leases to allow future-proofing to account for events like those imposed by the pandemic. Ideally, each side would want to achieve maximum protection for themselves, but a balance probably lies somewhere in the middle. A recent case involved a commercial…

COVID-19 pandemic

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…

Construction industry

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…

Court rules

Court rules in favour of business interruption insurance claims

  As coronavirus continues its freeze on normal life, with strict lockdown measures back in place, many businesses will have breathed a sigh of relief following a Supreme Court ruling (on Friday 15th January) confirming when business interruption insurance claims should be paid out during a pandemic. Lockdown and tier restrictions since March 2020 have seen many businesses temporarily closing down or making significant operational reductions for weeks or months at a time, resulting in huge damage to their operations and loss of income. Court rules in favour of business…

Review of commercial

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…

Squatters beware

How to repossess your property from squatters

Squatters have been an inconvenience for landlords, both residential and commercial, for many years. Of course, in residential situations, a person trespassing, or squatting in a house is a criminal offence, and assistance from the police is common. In a commercial scenario, the situation is far more complex and time-consuming, with a squatter having to be evicted with assistance from the courts and with possession being enforced by County or High Court Enforcement Officers. Our Litigation department at Bowling & Co recently assisted a client to recover possession of their…

Retail tenants should

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…

Commercial leases during a pandemic

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…

Back To Top
Search

Powered by How to backup and restore wordpress site

error: Content is protected !!