We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Commercial Landlord & Small Business Tenants
briman4
Posts: 3 Newbie
What has been the general approach by commercial landlords of small business tenants i.e. what financial concessions are being offered by commercial landlords to help small businesses survive the lockdown, etc.
We are a small business which simply doesn't have big resources or profits. Our income at this stage is as a good as zero. It is also likely to take a while to get profits back to where they were once the lockdown is lifted. Our landlord has said we can pay half rent for 3 months but this concession must ultimately be paid off over the remaining term of the lease.
We really feel our landlord isn't going far enough to share the financial hardship we are suffering given the current COVID19 situation.
We are a small business which simply doesn't have big resources or profits. Our income at this stage is as a good as zero. It is also likely to take a while to get profits back to where they were once the lockdown is lifted. Our landlord has said we can pay half rent for 3 months but this concession must ultimately be paid off over the remaining term of the lease.
We really feel our landlord isn't going far enough to share the financial hardship we are suffering given the current COVID19 situation.
0
Comments
-
Commercial landlords cannot seek eviction notices at the moment
https://www.pinsentmasons.com/out-law/guides/coronavirus-landlord-advice
You could see whether you might get one of the new grants:
https://www.gov.uk/government/news/top-up-to-local-business-grant-funds-scheme
1 -
My landlord just said they wouldn't chase and pay when I could, no reductions. In my case this wasn't bad as they usually chase after 1 day.
They don't have to offer any discounts etc but as above they can't evict you.
Can you get the rates grant and/or a bounce back loan?
Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20121
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards