 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS Commercial property landlords 'stuck in the past'  Not enough has been done on rent reform to allow retailers to move away from the "archaic" practice of quarterly upfront payments, it is claimed. In comments that will interest those using a commercial property solicitor, the British Retail Consortium (BRC) said quarterly rental payments "are a throwback to a bygone age". The BRC's second annual Monthly Rents Survey reveals that progress on increasing the proportion of property on monthly rental terms has stalled. BRC director-general Stephen Robertson "While it's clear that some landlords have moved a long way on offering retailers a more flexible rents regime, there's a significant proportion that have not. "Some retailers have even told us they've had a hostile reaction when they've tried to renegotiate rental terms." He went on to say that there is no place for quarterly payments when internet banking is so widespread. The comments come as many retailers report worse-than-expected sales in the run-up to Christmas as a result of the snowy weather reducing footfall. Posted by Gaby Hamerton 
Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |