Category: Property

In today’s Budget speech the Minister for Finance, Michael Noonan T.D., set out the changes to NAMA policy in relation to upward only rent reviews in relation to tenants experiencing difficulties in paying rents. The Minister said: I am fully…

Despite the current state of the High Street and the malaise in the retail market many of you will still be facing rental increases, or at least a difficult negotiations to agree nil increases or reductions, at rent review or…

The dilapidations protocol has been adopted as a pre-action protocol under the Civil Procedure Rules (CPR) with effect from 1 January 2012. The protocol relates to claims for dilapidations against tenants at the termination of commercial leases (terminal dilapidation claims).…

Grant Shapps, the Housing Minister, announced today that the Government is accepting virtually all of the 28 recommendations in the independent Portas High Street Review last December. Encouragingly, Mr Shapps says he is going one step further with a ‘Portas-Plus’…

Storing just 16 pallets in a 140,000 ft2 warehouse sounds pretty empty to us. But yesterday, the High Court gave in the case of Makro Self Service Wholesalers Ltd v Nuneaton & Bedworth BC much needed cheer to the numerous…

We are seeing an industry drive towards standardisation of retail leases to simplify and speed up the legal process, reduce costs and fill vacant space. This has been evidenced by reports in the property press that LandSecs, Westfield and PruPim…

At a time when retailers and landlords are looking for ways to work together to resolve the issues on our high streets, we’ve been interested to follow the debate on the future of turnover rents. Turnover rents have always been…

Commercialisation is now a standard part of a shopping centre income stream. But who benefits? Sean Kelly reports Pick a percentage. If you’re a retailer make it at least 20, above 50 and probably close to 100. If you’re a…

04/08/2020 – The PMA has this morning written to the Chancellor, seeking urgent confirmation that the current business rates holiday will be extended to  April 2022