Turnover-Based Rents [2021]

Webinar Details

Available now

Expires after 90 days

Mark Shelton

CPD Hours: 1


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