Shams Rahman, a partner within our Property Litigation team, recently led a webinar for the ICAEW which provided guidance for commercial landlords and tenants on rent arrears recovery, lease negotiation strategies and restructuring rental payments for companies in financial distress.
The ICAEW also published an article, an extract is below:
“While there was huge sympathy for companies who had struggled during the last year, particularly small companies who had racked up huge debt in rent holidays and retail businesses forced to close and furlough staff, Rahman says in some cases, tenants were abusing temporary rules protecting them from eviction. There was also a misconception among commercial property landlords that their hands were tied when it came to evicting commercial tenants who had fallen behind on their financial obligations, Rahman adds.”
You can read the article in full here.