The trouble with calls from Revo and the BPF for alternatives to the CVA system is that often the alternative is administration – and then what is the value of a legally binding lease?
By Graham Seaton, property asset manager at Ann Summers
For years, landlords have raked in the money. We have too many shops. Landlords must accept they are part of the problem and values will have to fall. The ghost of the upward-only rent review and engineered evidence has come back to haunt landlords, which will now have to accept some pain.
I thought Revo sought to be the voice of the whole retail property industry, not just landlords.
Without CVAs, more retailers would go to the wall, resulting in more empty shops. Making life more difficult for a retailer in trouble is not going to help. We need politicians to be engaged, but in a positive way. We should not encourage retailer bashing.