It is important to be prepared for the future even in these bleak times. Although pubs and bars nationwide are currently closed under the new social distancing rules, it’s important to safeguard your premises licence and your pavement licence for future trade. Take action to prevent your premises licence from lapsing In the event of [...]
It is an uncertain time for landlords and tenants alike at present. Below, we have sought to address some questions we are being regularly asked by landlords of commercial properties. If you have any further questions arising, please do contact our helpline. What do I do if my tenant of commercial premises does not pay [...]
Does the new Government Guidance mean that you need to close your business? On 23 March the government stepped up measures to prevent the spread of Coronavirus by extending the requirement for many businesses including non-essential retail stores (excluding food markets) and hotels to close. Takeaway and food delivery services to remain open There is [...]
Creditors Voluntary Arrangements have been used in the past with a view to closing loss-making outlets and securing rent discounts. In the fight to secure the future of businesses as we battle Covid-19 we have been advising on whether a CVA may be something to consider as a viable alternative to formal insolvency proceedings. Often [...]
Directors should be alert to the effect that short to medium-term cash-flow issues circumstances may have on their statutory duties during the current pandemic. We consider the commercial impact, considerations for directors in terms of trading, and steps that businesses can take to prepare.
Can tenants take drastic steps such as withhold paying rent, changing when they pay or terminatinga lease in the event of forced closure of the premises?
When you grant a lease (be it of a pub, restaurant, coffee shop or late night venue) you may need to make sure that the tenant registers the lease with the Land Registry. Most Landlords assume registration is only a tenant issue, but if you are a landlord who has a tenant who has failed [...]