Many retailers and consumers facing businesses with leasehold portfolios did not pay rent in full in the period since March 2020 when the pandemic began. The BRC reported in May 2021 that two-thirds of retailers in the U.K. are at risk of legal action on at least one of their stores once the ban on evictions and debt collection from commercial tenants is lifted.
As businesses move into this new phase, it is important that they understand what their rights are, how to negotiate rent with their landlords, and the steps they can take now to improve their financial position.
To help, RPC has provided BRC members with two documents (below) outlining the current situation, and steps you can take.
It is essential to act now, especially with new laws coming into effect on the 24th of March, to make sure your business is protected.
Check out the guides here: