Commercial Leases: What is a side letter? What is a side letter? A side letter is usually a short document that is ancillary to the main commercial lease, which is intended to vary, clarify or supplement the main lease terms. A side letter can be entered into at the...
New government Code of Practice for commercial property relationships The government has published a new Code of Practice to assist landlords and tenants as they deal with income shocks caused by the pandemic. On 19 June 2020, the government published a new Code of...
Understanding your Heads of Terms – Key points for Commercial Tenants Once a tenant has decided that they wish to take a commercial lease of a property, the landlord and tenant must agree the Heads of Terms. This is a document setting out the principal terms of the...
COVID-19: New government code of practice on rental payments to be published The government has announced a plan to publish a new code of practice to assist discussions about rental payments between high street businesses and landlords during the COVID-19 pandemic. On...
Should a loan to a family member be secured? In these challenging times, it is not unusual for a person to require some financial assistance from a family member in order to purchase a property. Many first time buyers receive help from the bank of mum and dad in order...
Coronavirus recovery: Landlords and tenants working together in relation to rent payments Over the last few months, we have seen unprecedented steps from the Government to help protect commercial tenants from eviction where they are unable to pay rent because of...
