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Published 6 July 2020
As May saw the beginning of the release of lockdown in England, it is clear that the lifting of restrictions is presenting new challenges. This is even more apparent following the local lockdown of Leicester last week.
Our recent article issued on 22 June 2020 highlighted the release of the Code of Practice for Commercial Property developed by the Government in conjunction with a working group comprised of organisations within the commercial rental sector. The Code of Practice not only provides tenants with the valuable extension of protection from forfeiture until 30 September 2020, it also provides for the following guidance to help landlords and tenants reach suitable outcomes for both of their businesses:
While the guidance has been welcomed by the commercial property sector, it is recognised that it is not compulsory. This raises significant questions such as what the incentives are for compliance, what are the ramifications of non-compliance and what would be the timescales if mediation is required. Only time will tell.
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