COVID-19 has brought unprecedented change to UK businesses in many areas, including to UK Real Estate for both tenants and landlords.
We are aware that many businesses will be looking to secure their future cashflows, while making savings wherever possible in the short term. The UK Government has already announced measures to help facilitate this; significant changes already announced include new rules to prevent landlords from evicting commercial tenants for non-payment of rent, for a 3 month period to 30 June 2020.
What we are seeing
As a result, we are seeing much more of the following activity around leases:
Why it’s important to consider SDLT