Real Estate Focus: April 2022
In this edition we look at the abolition of ground rents in new leases; Government guidance on the Commercial Rent (Coronavirus) Act 2022; higher energy efficiency standards in the commercial PRS; and an update on the cladding crisis.
Canada: The new Commercial Tenancies Protection Act (Alberta) – still a lot of uncertainty
Bill 23: Commercial Tenancies Protection Act (the Act) received royal assent on July 23, 2020.
Canada: Impact of COVID-19 on the payment of commercial rent
A judgment rendered by the Superior Court of Québec last July 16 may have a considerable impact on the payment of rent by certain tenants during the pandemic.
UK: Infrastructure and greening the built environment tops government agenda
In the wake of COVID-19 there has been a slowdown in the economy.
UK: What should landlords consider before formalising lease changes?
Recent events have prompted a number of lease renegotiations between landlords and tenants, mostly surrounding timing and amount of rent payments, but other changes have also been discussed.
UAE: Construction during COVID-19: Impact of Government measures
Governments around the world have introduced measures to protect their citizens and their economies in the face of the COVID-19 pandemic.
Australia: Queensland implementation of National Mandatory Code of Conduct for commercial and retail leases
Following the introduction of the National Cabinet’s Mandatory Code of Conduct for SME Commercial Leasing Principles during the COVID-19 crisis (the Code) in early April, there has been much anticipation and speculation as to how each of the States and Territories would legislate to give effect to the principles of the Code.
UK: COVID-19 Real Estate Update: Corporate Insolvency Governance Bill and further curbs on landlords pursuing rent arrears
On April 23, 2020, the UK Government announced additional temporary restrictions on commercial landlords pursuing outstanding rent (see our Briefing). It has now published full details.