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.

LANDLORDS SHOULD ADOPT THE MOTTO “BE PREPARED”

In 1907 the Scout motto: “Be Prepared” was formulated …  113 years later in 2020, such a simple but effective motto can be applied to many aspects of life, including the property world. During these difficult times it is important that a landlord's preparation for a property coming to the market is thorough, in order to … Continue reading LANDLORDS SHOULD ADOPT THE MOTTO “BE PREPARED”