Many landlords are facing over 6 months of either unpaid rent or reduced rent from their tenants.
Remedies for unpaid rent
In order to assist our commercial landlord clients during this challenging time we have prepared a table summarising the remedies available to take against tenants who are not paying their rent and some practical tips to help get through this difficult period. It is important to note that the first step for all landlords is to adopt the government code of practice for commercial leases. Whilst the code is voluntary it is a good guide of what the courts will be expecting the parties to have followed and adhered to during these unprecedented times. You can access the table by following the link below:
This article follows on from our earlier blog in July setting out the implications of the Coronavirus Act on commercial leases. Both articles are based on the laws in England and Wales and not Scotland which has different options that we have not covered.
We shall continue to try and keep the information set out above updated as the rules change. For specific advice to do with a particular matter please contact David Eminton or Nicola Davies in the Property Litigation Team.
This blog was co-authored by David Eminton and Nicola Davies.