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Turnover-Based Rents [2021]
Webinar Details
Available now
Expires after 90 days
Mark Shelton
CPD Hours: 1
£35.00
Enquiries
From our LAW2021 Online Commercial Property Autumn package this 1 hour webinar presented by Mark Shelton, Commercial Property Management Law Trainer will explore the issues of capturing all information on turnover in a rapidly-changing retail environment, and considers implications for lease provisions on alienation, user and more.
The woes of the retail sector over the past few years are well-recognised, and are now compounded by the effects of Covid-19. Lease structures are coming under increasing scrutiny, as both landlords and tenants seek ways to support businesses. Switching from open market rental to a turnover-based arrangement is an increasingly popular option for assisting tenants, and has the added advantage of being relatively familiar and well-established.
Simplified turnover rent arrangements are increasingly seen, but the idea is, nevertheless, one which can be complex in implementation.
Learning objectives:
- What is included in calculating turnover?
- How does turnover translate into rent?
- Ability to revert to an open market rent
- Implications for alienation
- Impact on rent review
- Impact on break options
