Coronavirus impact on commercial leases | HB 121 Solicitors

Covid-19 : Rent negotiations between commercial landlords and tenants

DO I HAVE TO STILL PAY THE RENT IF I AM UNABLE TO OPERATE MY BUSINESS DUE TO COVID-19?

You will need to check if your Lease will allow for a rent suspension in these circumstances. It is very likely that rent is still payable from you.

It may be worth you approaching your landlord to ask for a rent holiday or to defer your rent to a later date or to make alternative arrangements mutually agreed by both parties However, they are not obliged to agree to this. If an agreement has been made in regards to the rent concession then it is important to document this by way of a Deed of Variation or a letter.


MY LEASE STATES THAT I CAN’T LEAVE THE PROPERTY VACANT OR CLOSED FOR EXTENDED PERIODS OF TIME – WHAT DO I DO IF THERE IS A LOCKDOWN DUE TO GOVERNMENT RETRICTIONS

You should read and check your Lease to confirm what your responsibilities are. If your Lease does state that you are required remain open and also states that you required to comply with statute, then as a result closing to comply with your duties under i.e Health & Safety at Work legislation, is likely to override your obligation to remain open. It may be a requirement of your Lease to notify the Landlord if the property will be unoccupied for a period of time or closed.

Our experienced property lawyers will help you with legal matters related to commercial lease during Covid-19 in the UK.

I have further questions – Who can I speak to?

If you have any further queries or questions, please contact us at HB 121 Solicitors on 01562 702655.