We were delighted to join an ICAEW webinar on commercial rent arrears. With potential arrears for commercial rents running into the tens of thousands and tenants unable to pay, many landlords and tenants will be forced to look longer and harder at the options available to them.
Our Property Litigation partner, Shams Rahman, provided guidance for commercial landlords and tenants on rent arrears recovery, lease negotiation strategies and restructuring rental payments for companies in financial distress.
Shams covered a variety of topics including:
- Commercial Rent Arrears Recovery – after second quarter of 2021
- Debt recovery and enforcement
- Having productive conversations with landlords
- When and how to re-negotiate leases, break clauses and early termination
- Alternative leasing models including turn-over based rents
- Moving to monthly rents
- When negotiations fail – the next steps
You can watch a recording of the webinar here.