The recent global outbreak of COVID-19, which was declared a pandemic by The World Health Organisation on 11 March 2020, has not only impacted small businesses and markets across the world, but significantly impacted the UK real estate industry.
Sellers and buyers remain cautious, resulting in a slowdown of big-ticket transactions, while commercial landlords and tenants are looking for solutions to slow down any further disruption to their businesses.
We have set out some legal guidelines, solutions and steps that commercial property owners and occupiers can take to mitigate any associated risks as far as possible, while the real estate industry grapples with the uncertainties of COVID-19.