Hard Times for Landlords & Tenants: round table

The Property Team at Brabners Chaffe Street have joined together with Knight Frank to introduce the first in a series of roundtable discussions. We would be delighted if you could join us on Tuesday 16 June at Brabners Chaffe Street’s Horton House Office in Liverpool for the first round table discussion: ‘Hard Times for Landlords & Tenants’. The format is registration and breakfast at 8.00am with the Round Table discussion from 8.15am through to 9:30am The framework for the Round Table discussion is based around the impact and significant effect the current economy is having on the property market and in particular the increasing numbers of tenants who are falling into default resulting in ‘standard’ leases with institutional terms coming under increasing attack. Our discussion will cover a number of very relevant issues in a concise and highly practical way including: · Standard Lease terms – what should landlords and tenants now expect and how does the Lease Code help both parties achieve a speedy deal? · Short term lettings – can monthly lettings help reignite the property market – and help carry the cost of empty properties? · Rent deposits and rent guarantees – how can they help? · Varying existing leases to help with a tenant’s cash flow – monthly versus quarterly rents – but what’s in it for the landlord? Extending the term, changes in rent review terms/frequency and adding guarantors? · Business rates – legislation changes regarding empty properties; future occupational costs · Valuation – how is your core asset value affected; negotiating out break clauses; fixed uplifts in rents · Direct action – forfeiture – how, when and why. What defences are available to tenants and what are the benefits, and often forgotten consequences, to landlords? · Distress for rent and the new commercial rent arrears recovery scheme. · Insolvent tenants – liability what does it mean and what can you do? · Remedies against third parties – sub-tenants; others in possession; assignees and assignors; guarantors. · Fixtures and chattels left behind – what can you do? · Litigation – grounds for possession of commercial premises and money judgements – what should you do? Dilapidations – common law obligations and the cap on damages We hope you can join us for what we’re sure will be an interesting and practical debate. To book your place please RSVP to marketing@brabnerscs.com by 9 June.