By Steve Farrell2021-03-12T14:22:00+00:00
It’s an ‘occupier’s market’ as landlords have lost powers to evict. So how are retailers capitalising on that shift?
In many ways, retailers have never had it so bad. But when it comes to their relationships with landlords, and especially if they’re in grocery, or have otherwise been able to stay open – they’ve never had it so good.
Even before the pandemic, the inexorable rise of online meant retail property values were falling, giving occupiers an upper hand in negotiations.
Now Covid has truly turned the tables. When the government banned landlords from evicting tenants and blocked legal routes to debt recovery last spring, occupiers were effectively given free rein.
The government has announced on 10 March 2021 that it will be extending the current protections that have been afforded to commercial tenants as a result of the COVID-19 pandemic. This.
Further support for commercial and residential tenants
Ban on commercial evictions extended to 30 June and bailiff enforced eviction ban extended to 31 May to protect residential tenants.
From:
Ban on commercial evictions extended to 30 June to ensure businesses are supported as they re-open
Six-month notice periods and bailiff enforced eviction ban extended to 31 May to protect residential tenants
Follows unprecedented package of support for businesses and renters during pandemic
Business owners – many of whom have had to cease trading entirely during lockdown – are being given extra support after the government extended the ban on commercial evictions for a further 3 months, Housing Secretary Robert Jenrick announced today (10 March 2021).
WH Smith demands Covid clauses in lease renewals thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
LONDON, ONT. London will consider expanding the requirement to license rental units to include highrises and stacked townhouses. On Tuesday, several tenants spoke to the Community and Protective Services (CAPS) Committee in support of a political push to crack down on negligent landlords. A downtown tenant told the committee that the province’s Landlord and Tenant Act falls short of protecting low-income renters. “We need more ways to hold them (landlords) accountable because it’s a reactionary system where the poor get screwed because we’re either busy working or busy at school,” she said. Currently, city hall only licenses small-scale landlords requiring fire and building code inspections.