Real estate update: Rent reductions – mitigate the impact of Covid-19

With the significant economic impact of Covid-19 and the associated closure measures, many organisations are having to modify their strategies to adapt and survive.

Tenants of commercial property should consider whether to seek a renegotiation of their rent payment obligations. This article gives a user-friendly summary of the various options to consider when renegotiating.

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This information is necessarily of a general nature and doesn’t constitute legal advice. This is not a substitute for formal legal advice, given in the context of full information under an engagement with Bates Wells.

All content on this page is correct as of March 3, 2021.