Lease Renewals: Following the pandemic

Property Litigation partner, Jonathan Ross, recently wrote a piece for the Property Law Journal titled ‘Lease renewals: Following the pandemic’.

He focused on some recent cases which reflect the changing rental market, and the vital importance of establishing and relying on relevant comparables.

“As held in the JD Sports case, turnover rents are now very difficult to justify on renewal even where the old lease had a turnover rent.”

Primarily, as a result of the pandemic, there have been an increased number of unopposed business tenancy renewals under the Landlord and Tenant Act 1954 reaching trial due to the failure of the parties to reach agreement as to either the new rent payable on renewal and any interim rent payable up to the date the new lease is to commence.

Read the full article here (behind the Legalease paywall).

This article was first published in Property Law Journal 395 (March 2022) and is also available on lawjournals.co.uk.