We are all facing unprecedented changes, happening at a considerable rate and many landlords and tenants are making decisions about their businesses and premises with the collective aim of looking to long term business continuation. The March quarter day has been the trigger for many tenants to consider how they can continue to meet their obligations, when trade has dropped dramatically for many or they have been forced to close their premises in accordance with government guidance. The passing of the Coronavirus Act 2020, has introduced further changes.
If, as a landlord or tenant, you can be flexible, then this is the time to do so. We would encourage all of our clients to keep the lines of communication open and to work together, if at all possible.
In this Briefing Note, entitled Changing times for landlords and tenants, we aim to provide some practical advice on ways to manage the current situation.
For further assistance, please contact Nicola Stewart, Natalie Walford, Anthony Shalet or James John.
