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Newsflash: Commercial Property Sector Unites Behind Rental Relief Measures for Retail Tenants

By |2020-04-09T12:27:24+01:00April 9th, 2020|Litigation, Property Law, Regulatory Law|

The Property Industry Group (PIG) give some relief to tenants who can accept their landlord’s offer to provide for any of the relief. It should also be noted that any acceptance of a landlord’s offer for a remission of rental, in accordance with the PIG’s relief package, should be considered against whether or not a landlord is entitled to rental at all. Tenants are not bound to accept these terms; however, once an election has been made, such decision is final, and any rights waived can likely not be revisited. We would therefore urge tenants to take proper advice, and to consider the full extent of their rights before accepting any such offers from landlords.

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