Rules introduced during the pandemic to protect businesses from being evicted by their landlords due to rent arrears are a headache for commercial property owners but there are other remedies at their disposal, a commercial property litigation expert says.
Shams Rahman, a partner in the property & trusts litigation team at law firm Edwin Coe LLP, will tell ICAEW members at a webinar next week that difficult conversations around rent arrears are becoming more common the longer the pandemic goes on.
While there was huge sympathy for companies who had struggled during the last year, particularly small companies who had racked up huge debt in rent holidays and retail businesses forced to close and furlough staff, Rahman says in some cases, tenants were abusing temporary rules protecting them from eviction. There was also a misconception among commercial property landlords that their hands were tied when it came to evicting commercial tenants who had fallen behind on
COVID has taught us that construction is vital icaew.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from icaew.com Daily Mail and Mail on Sunday newspapers.
COVID drives wholesale city centre changes 11 February 2021: Despite the rapid deployment of COVID-19 vaccines, people are unlikely to return to the old ways of working, a new report from KPMG has warned.
The pandemic will have a lasting impact on the look and feel of many towns and cities, adding a new dimension to the levelling up agenda and forcing a rethink on how places need to evolve if they are to continue to be vibrant places to live, work and visit.
These are some of the findings of a new report, The future of towns and cities post COVID-19, published by KPMG and based on research conducted by Demos, which highlights some of the big issues facing town planners, local authorities and business leaders, grappling with the impact on the pandemic on town and city centre use.
Cost-plus contracts: taking a different approach to construction 8 February 2021: Appetite for a different approach to construction projects is growing, particularly around complex contracts, says Darren Ward, managing partner at specialist firm The Orange Partnership.
Across the construction sector, fixed-price contracts dominate the landscape – industry estimates suggest around 60% of building projects are run this way. Clients like them because, in the absence of scope-creep, you know up-front what the project is going to cost. Once the price is agreed, the financial risk is very much carried by the contractor. On the flip side, the client never truly knows how much profit the builder is making.
construction year ends: more scrutiny, more problems icaew.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from icaew.com Daily Mail and Mail on Sunday newspapers.