Edwin Coe LLP (England-Wales): Difficulties for landlords and tenants currently negotiating commercial leases

Parties currently looking to agree terms for new lettings face a significant challenge in negotiating provisions to cover the impact of Covid-19. This is due to both the current uncertainty felt by both landlords and tenants, and the potential for further disruption in similar circumstances in the future. In the long term, it is likely that revisions to commercial leases for all types of properties will be agreed in the market. Potentially this will be in conjunction with input from the Government, reminiscent of the establishment of Pool Re in response to the terrorist attack of the 1990s. MORE.

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