Unlocking Capital with Sale and Leaseback

Is your property portfolio a source of capital for your company? The number of 'sale and leaseback' transactions has increased over the last decade in the UK and Europe and the reason behind this is driven primarily by factors within industry. In circumstances where equity and debt markets become more challenging, it’s common for businesses … Continue reading Unlocking Capital with Sale and Leaseback

Commercial property and the Emergency Coronavirus Act

Credit Prolific North - Image of Manchester

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.