In this edition we look at the abolition of ground rents in new leases; Government guidance on the Commercial Rent (Coronavirus) Act 2022; higher energy efficiency standards in the commercial PRS; and an update on the cladding crisis.
Bill 23: Commercial Tenancies Protection Act (the Act) received royal assent on July 23, 2020.
A judgment rendered by the Superior Court of Québec last July 16 may have a considerable impact on the payment of rent by certain tenants during the pandemic.
In the wake of COVID-19 there has been a slowdown in the economy.
Recent events have prompted a number of lease renegotiations between landlords and tenants, mostly surrounding timing and amount of rent payments, but other changes have also been discussed.
Governments around the world have introduced measures to protect their citizens and their economies in the face of the COVID-19 pandemic.
Following the introduction of the National Cabinet’s Mandatory Code of Conduct for SME Commercial Leasing Principles during the COVID-19 crisis (the Code) in early April, there has been much anticipation and speculation as to how each of the States and Territories would legislate to give effect to the principles of the Code.
On April 23, 2020, the UK Government announced additional temporary restrictions on commercial landlords pursuing outstanding rent (see our Briefing). It has now published full details.
The coronavirus pandemic is having a devastating impact on the global economy and has caused economic activity to grind to a halt.
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