Michael Lewis Partner
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24th November 2020 | Michael Lewis | Real Estate Litigation, Dispute Resolution, Retail
It’s no surprise the COVID-19 pandemic has had a significant impact on retailers and the sector as a whole. As many retailers were forced to close during both lockdowns, they have been unable to keep up with their rental payments, and as customers continue to self-isolate and stay at home footfall has been significantly lower.
On the flip side, landlords have struggled too with some not receiving payments from tenants, and the loss of protection following the implementation of the Coronavirus Act 2020 (the CA 2020) means they are unable to rely on contractual rights to forfeit commercial leases by peaceable entry, or by issuing court proceedings.
Click here for the full article in The Retailer (page 42) for an overview of the changes applied to the law due to Covid-19.
To find out more, please speak to Mike Lewis.