Business rate cuts and innovative legal drafting; a brighter picture for retail tenants on London’s leading shopping streets
An article authored by Katie Cooper has recently been featured in Business Connexions, the magazine published by the Wandsworth Chamber of Commerce. The piece delves into the Government's aid initiatives designed to bolster support for retail tenants grappling with economic challenges.
Within the article, Katie provides valuable insights into how retailers can adapt to dynamic market conditions, highlighting the importance of anticipating support from upcoming business rate cuts and strategically navigating legal frameworks to revive high streets.
Whilst crippling to tenants, landlords’ have also felt the pain of business rates. With more and more shop closures and limited windows for relief, landlords have looked for ways to limit their exposure. Methods include short term lets and leases to charities who take on responsibility for rates. On occasions where such occupiers cannot be sourced, the cuts will alleviate the burden.
The article can be viewed online at Business Connexions.
Katie Cooper advises on a wide range of real estate transactions including acquisitions and disposals, landlord and tenant matters, commercial development and real estate finance. Katie has a particular interest in the retail and leisure sector and has expertise in dealing with high value lettings and complex pre-let agreements.
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