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Commercial Rent Moratorium.pdf

a-proposal-to-withdraw-moratorium.pdf

🔗 Source: bpf.org.uk

📊 Size: 158 KB

👤 Author: Hogwood, Chris

⬇️ Downloads: 85

Summary

Landsec and British Land propose withdrawing the moratorium on enforcement action for commercial property, targeting retail, food and beverage, hospitality, and leisure premises, with the primary aim of protecting jobs and returning the market to normal operation. The proposal includes a phased approach, where the moratorium ends on June 30, 2021, and payments owed from before this date are ring-fenced, with landlords and customers having until December 2021 to agree on concessions. The proposal also recommends enhancing the Code of Practice for commercial property relationships to provide guidelines for negotiation, including principles such as "those that can pay, should pay" and sharing costs on an approximately 50-50 basis where a business is unable to pay due to legislation prohibiting operation.

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Description

Landsec and British Land propose withdrawing the moratorium on enforcement action for commercial property, targeting retail, food and beverage, hospitality,...

Technical Information

File Format: PDF
File Size: 158 KB
Pages: 4
Language: EN
Author: Hogwood, Chris
Total Downloads: 85
Last Updated: 1 week ago

Document Overview

This PDF document about Commercial Rent Moratorium provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Commercial Rent Moratorium.