Commercial Property and Asset Management

In conversation...

Each month CPT will identify a topic that is contentious, topical, or significant to the commercial property world. The style is a mixture of interview and chat; held over a lunchtime. The audience will be encouraged to join in with questions or comments to create a valuable, practical update on the subject in an informal debate that digs into the nuances of the issues. This session will be discussing the present and the future picture of rent recovery.

This course, by the author of ‘A Practical Guide to Forfeiture of Leases’, identifies clearly and practically the important steps to effective use of forfeiture, and will be invaluable for anyone managing commercial property.

Commercial leases are the foundation and essence of property management. Anyone who works in this area needs to be familiar with what they say, what they mean, and how to work them. It will explain the key commercial terms of a commercial lease, and focus on the problems the attending delegates have encountered. The course is ideal for administrators who have not been trained in the nuances of property - also PA's, secretaries, accounts personnel, facilities managers, newly qualified and APC candidates and will run as two virtual sessions of approximately two and a half hours in length and will include comfort breaks.

The course will give an overview of procedures and look at recurrent issues such as: whether the hypothetical lease should include a break option, what should be the assumed length of term and whether a ‘headline rent’ is effectively excluded. It will be presented in two virtual sessions of 3 hours.

During the pandemic, landlord and estate services were significantly suspended which could have impacted on tenants, and with significant number of tenants not paying their lease obligations, are these, and other issues going to unleash significant discourse as the landlord remedy moratorium ends?  

Tenants are increasingly looking to rewrite leases, to reflect the impact of COVID, or simply to give flexibility to react to an every-changing world. One opportunity to do this is lease renewal, and a number of recent county court decisions have given valuable guidance on whether flexible terms are available in this way, whether it is a change to rent arrangements, a shorter term or insertion of a break option, a pandemic rent suspension clause, or another of the range of terms which tenants are now asking for. This session will outline the approach which the courts are taking on these issues and others, which in turn sets the parameters for negotiation.