Amidst the ongoing coronavirus pandemic property investors have to address the short-term disruption to their income and the long-term positioning of their asset in a rapidly evolving market place.
Commercial tenants will be looking at the immediate actions they can take to mitigate the impact of coronavirus on their business as well as the longer-term strategy to adjust to the post-Covid world.
Lease negotiations for new business premises are complex, after negotiating rent, term, break clauses and rent reviews, the fit-out and other alterations are often side-lined until after the lease is agreed; at this point the leverage is gone.
