Implementing changes to rent payment frequency

Posted: Wednesday, 4 February 2009 @ 10:38

I have posted before about the drive by tenants to alter the rent payment frequency under their leases from quarterly to monthly in an attempt to improve cashflow.

The British Retail Consortium has now published on its website a draft rent variation letter for use in circumstances where a landlord agrees to allow the tenant to pay rent on a monthly basis.

Landlords should beware however as this is a letter drafted on behalf of a tenants' representative body and does not advise landlords that any guarantor of the tenant's obligations should be asked to confirm its consent to the variation in case it operates to release the guarantor.

Steven Petty, Commercial Property Solicitor

This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.

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Thank you. Your response is great, very straight to the point! Hopefully this will bring an end to the matter. I will certainly be recommending your services as I am very impressed with the prompt dealing of this matter.
Janet Burbidge

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