Escaping Lease Commitments
The financial difficulties that businesses are experiencing as a result of Covid-19 have one upside for occupiers, in the form of the opportunity to put pressure on landlords as to lease terms. This webinar will examine the extent to which landlords can control the issue, and possible routes to a solution via insolvency mechanisms.
|25 February 2021||Virtual Seminar|
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
While tenants in many sectors increasingly look for and obtain shorter leases on more flexible terms, what of tenants who find themselves trapped in longer commitments, on terms which no longer suit them and put them at a competitive disadvantage? The tenant can market the premises, but assignment or sub-letting may not be possible without giving some form of rent inducement, which is likely to be unwelcome to the landlord.
- Getting out of over-rented property
- Giving inducements
- Accrued disrepair
- What are the options for simply closing the premises?
- How far can the CVA process be used to rewrite leases?
- ‘Compulsory surrender’ - the Park Air solution
- Mark Shelton, Commercial Property Management Law Trainer, CPM Law Training Limited and Author of 'A Practical Guide to the Law of Dilapidations' and 'A Practical Guide to Applications for Landlords' Consent and Variation of Leases'