Turnover Rents - The High Street Adjusts to Post-COVID Life
One of the major shifts in retail and leisure lettings post-Covid has been the rush towards turnover-based rent arrangements. Both landlords and tenants are looking to sustain businesses and switching to turnover rent offers a readily available and familiar model. Increasingly creative ways of structuring such arrangements are emerging too.
Turnover rents do present real problems for landlords’ lenders, though, and there is a range of terms which lenders are looking for to safeguard themselves.
It has always been the case that turnover rent arrangements can be complex in implementation. This webinar explores the issues of capturing all information on turnover in a rapidly changing retail environment, and considers implications for lease provisions on alienation, user and more.
What You Will Learn
This webinar will cover the following:
- Advantages and disadvantages of turnover rents, for landlords, tenants and lenders
- Evolution of the turnover rent idea
- Calculation of turnover rent
- Ability to revert to an open market rent
- Implications for alienation, rent review, break options and user restrictions
This pre-recorded webinar will be streamed at 12:30pm on Thursday 20th January 2022 and will remain available to view by delegates who have registered by then for 90 days.
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