Article | Implications for landlords and tenants of entering rent turnover deals

8th January 2021

The commercial real estate market has been disrupted by COVID-19 and the Coronavirus Act 2020, and no sector more so than the bricks and mortar of the retail industry. Footfall has plummeted to 15% of pre-pandemic levels, and retailers have been forced to close, re-open and close again, and to operate under the strangest social restrictions ever imposed. Landlords and tenants attempting to find a way to share the economic struggle often agree a rent based on a percentage of the turnover generated by the store.

What should landlords and tenants know about the legal and mechanical framework before proceeding with a turnover rent deal?

Read the full article here >>  https://bit.ly/3oC6q8x << 

#evershedssutherland #property #landlord #tenant #rent #turnover 

Keep up to date on stories,
briefings and event information

  Social spotlight

Follow us

Our partners