For many years, I have represented tenants against landlords, mainly in the retail and leisure industry, by restructuring leases often at reduced rents or with rent-free periods. In many cases, the alternative is that tenants fail to pay rent, which leaves landlords with empty properties.
I was very interested to read the comment by Anne Kavanagh covering her concerns about investing in today’s post-Brexit-vote market and the UK’s “risk premium” created because of the uncertainty of current negotiations being handled between the UK and our European counterparts.
In June, September and December 2008 respectively, three settlements on identical 14,000 sq ft floors of quality Mayfair offices in Queensbury House, Old Burlington Street, evidenced the true fall in the office rental market either side of the Lehman collapse in September 2008.
Perhaps I lost the case because I was unwilling to sue a friend – there was no doubt we had done all the work