On June 16 2021, the government revealed its plan to prolong the legalised delay of forfeiture for commercial leases due to the Emergency Coronavirus Act.
The Act, in place since 23 March 2020, is a topic we have been following closely within the Nolan Redshaw office. It currently guarantees that leases cannot be forfeited for non-payment of rent for a three-month period. This affects all types of commercial tenants but still permits forfeiture at the end of the period for non-payment.
Back in 2013, our team of chartered surveyors were heavily involved with bringing Morrisons to Bacup, and now we're delighted to help bring Aldi to the town to.
Post-COVID Planning Reform
Boris 'bill-d' to update the current planning system
In the first of our NR Insights we speak with Brendan Flood to discuss the commercial property market in the last 12 months.
Level playing field or uphill battle?
Eighteen of the UK’s major retail chief executives, including those from Tesco, B&Q, Asda, Morrisons and Waterstones, have warned the Chancellor, Rishi Sunak, that online retailers need to pay their “fair share” of tax when it comes to business rates.