Turnover Rents - Increasingly popular, increasingly challenging 
Expires after 90 days
CPD Hours: 1
Watch the 2020 trailer.
You can state the idea in a couple of sentences, but providing for it a turnover schedule to a lease is an entirely different matter. Not only is it difficult to predict and capture all sources of turnover, but there are consequential changes required to everyday lease provisions like alienation clauses and user restrictions, to name but two. The ever-increasing variety of ways in which tenants generate turnover makes documenting these arrangements ever more of a challenge, though established and new technologies may present solutions.
This webinar will give an overview of the topic, and consider how well turnover rents work in a world where many tenants retail online as well as from physical premises.
- To understand how common turnover rent formulas are used to achieve the commercial objectives of both landlord and tenant.
- To appreciate the main principles of how turnover is captured and verified.
- To understand the mechanisms for payment and adjustment of turnover rents.
- To identify the knock-on consequences for lease drafting more widely.