Commercial landlord and tenant
Our experienced commercial real estate and litigation teams can provide advice to landlords and tenants on how to deal with insolvency events during the lifetime of a commercial lease.
We can assist with claims for non-payment of rent, other breaches of covenant, and forfeiture proceedings. We can also provide advice on any relevant statutory provisions (including the Coronavirus Act 2020) that may have an impact on your tenant’s position and the remedies available to you. Our best advice for any landlords concerned about their tenants ability to pay rent is to address the issue early and take professional advice on your options.
We can also advise tenants on lease variations or rent concessions, and prepare suitable documentation to ensure legal and contractual enforceability of the terms agreed. Where relevant, we can also advise on possible claims under rent deposit agreements and lease guarantor obligations.
“Significant experience in handling large-scale restructuring and redundancy programmes. Clarkslegal is ‘technically excellent but commercial’”
Read, listen and watch our latest insights
- 16 March 2023
Enhanced redundancy packages explained
The first payment to include in a redundancy package is the statutory redundancy payment. This must be paid to all eligible employees and the amount is set by legislation. Other mandatory payments on termination would also include accrued but untaken annual leave and unpaid wages. Some employers, where the contract allows, may make a payment in lieu of notice.
- 10 February 2023
- Restructuring and insolvency
Restructuring and Insolvency – what to expect in 2023
The flurry of economic forecasts over the last few months may reach slightly different conclusions but none give much scope for encouragement.
- 19 December 2022
- Commercial Real Estate
Commercial Rent Deposits – A brief overview
A rent deposit is money provided by a tenant to its landlord as security for payment of the rent and performance of the tenant’s covenants contained in the lease. A rent deposit deed will specify the circumstances in which the landlord can draw on this money and the conditions that must be satisfied for the deposit to be repaid to the tenant.
- 18 March 2022
Legal implications of P&O Ferries shock firing
The decision to cut 800 jobs has sparked outrage with staff staging sit-ins on the company’s boats and there have been calls from unions for strike across the country – but what are the legal implications of the decision of P&O Ferries?
- 22 February 2022
- IP and Commercial
Director’s duties: A practical example
The ‘General Director’s Duties’ are still seen by many as the pillars of correct corporate governance. Codified in the Companies Act 2006, these duties apply to executive, non-executive, shadow directors and de-facto directo
“I worked with Stuart on a matter relating to a mutual client which was suffering financial distress. His calm and pragmatic approach aligned well with my own firm’s values, and he provided huge assistance in guiding the directors through a turbulent time.”