Lease Advisory News

  • Government provides further halt to business evictions and more support for high street firms

    Release 19th June 2020 Gov.uk

    • The UK government will extend measures to prevent high street businesses facing eviction over summer

    • New code provides support to shops and local firms planning their future recovery with their landlord

    • Industry leaders back code and welcome measures to support affected businesses

     

    Click Here For More Details

  • Renegotiating a leasehold during the Covid-19 crisis

    Release 23 March 2020 Property Reporter

    As the impact of COVID-19 on the UK economy becomes clear, an increasingly common question is: “What steps can I take concerning reduction (either permanently or temporarily) of tenants’ leasehold liabilities until such time as the consequences of COVID-19 have passed?”

    Click Here For More Details

  • Forty six per cent of June Quarter Day commercial rent now collected

    Release 2nd July 2020 Co-Star by Paul Norman

    Commercial tenants in the UK have paid 46% of the 24 June Quarter day rent, up from
    18.2% a week ago, according to the up-to-the minute.

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  • Landlords’ 'relief', reports Colliers, as 22% of retailers paid rents on time

    Release 26 June 2020 Co-Star by Paul Norman

    Colliers' figures find retailers have broadly paid the same rent now after June rent quarter day as they had at the same time after March rent quarter day.

    Click Here For More Details

  • Office occupiers in 'dramatic' race to offoad space across UK and Europe

    Release 22 May 2020 Co-Star by Paul Norman

    Corporate occupiers in major European cities are already preparing to shed excess space in anticipation of the post-Covid-19 working world, according to of􀃨ce specialists from the Society of Industrial & Of􀃨ce Realtors (SIOR), which have reported a surge in enquiries from occupiers seeking advice on sub-letting surplus space.

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  • Debenhams to file for administration

    Release 06 April 2020 Co-Star by Paul Norman

    The famous department store chain has appointed FRP Advisory in what it has termed a “light touch” administration that will see the existing management team stay on under the direct control of the administrators.

    Click Here For More Details

  • Office exodus predicted as Covid triggers home working revolution

    Release 06 April 2020 Co-Star by Paul Norman

    Landlords and agents are braced for a mass exodus from offices as a remote working revolution causes chaos on the commercial property market.


    Rents are predicted to fall sharply as companies seek out smaller, cheaper sites and there is a surge in employees working from home.
     

    Nine out of 10 agents and landlords expect firms to scale back office space in the next two years, the Royal Institution of Chartered Surveyors (Rics) revealed.

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  • Government extends support to stop business evictions this year

    Published 16 September 2020 by Gov.uk - Ministry of Housing, Communities & Local Government and The Rt Hon Robert Jenrick MP

    The government has extended support to prevent business evictions until the end of 2020.

    This move will help businesses over the coming months and protect people’s

    jobs.

    This is an addition to the £160 billion package of support available for businesses during the pandemic.

    Click Here For More Details

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