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
More from consumer hub

Article | Implications for landlords and tena...

GDPR | Lessons that can be learnt from compet...

Article | Unlocking innovation and putting cu...

COVID-19 | The UK Government’s latest COVID...

Article | UK DAC6 reporting obligations subst...

Social spotlight
Follow us