Wednesday September 23, 2020

Retail rent arrears: the problem nobody wants to talk about

While some landlords are agreeing to new turnover-based arrangements for commercial tenants, others are shifting from forbearance to legal action over non-payment of rents as the virus crisis drags on

Killian Woods

Business reporter

@killianwoods
6th September, 2020
2
Duncan Graham, managing director of Retail Excellence, said that, based on what he has heard from members of the group, there is worse to come for retailers in 2020. Picture: Fergal Phillips

September is typically a hectic month for solicitors like Orlagh Caffrey, an associate in Eversheds Sutherland’s real estate department. It marks the beginning of commercial property’s autumn selling season, with landlords and tenants keen to push through deals before the year end.

Despite the pandemic, the next three months are expected to be busy, but for a very different reason. Sales are not necessarily high on the agenda. Instead, many tenants...

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