Real estate – the potential impact of coronavirus

Read our latest guidance for landlords and construction businesses following the latest government guidance around coronavirus.

With COVID-19 likely to impact on every aspect of the UK economy over the next few weeks and months, we consider the potential issues for commercial landlords and property investors. In particular, what happens to the liabilities under a lease if the tenant is forced to close their premises or if a landlord is required to close a multi-let building, business park, shopping centre or retail park?

Read more here.

Tenants are already considering their options and with the March quarter day around the corner, are raising enquiries as to whether they can withhold the rent or terminate their leases in the event they are forced to close.

Read more here.

The Coronavirus Act 2002 (“the Act”) became law on 25 March 2020. Section 82 of the Act contains a three month moratorium on landlords’ ability to forfeit leases of commercial property on the basis of non-payment of rent or any other sums due under the lease. 

Read more here.

The Planning system has so far only adapted in a few areas in the light of the Coronavirus pandemic.

Read more here.

The effects of the current pandemic on construction projects put us in an unprecedented situation, so whilst we summarise below the general principles that are likely to apply under a standard JCT contract, it is unfamiliar territory and will likely lead to some novel situations. 

Read more here.