COVID-19 has already had a massive impact on our daily lives, and with the increasing restrictions on movement and no real certainty on how long these restrictions will be in place, landlords and tenants are understandably concerned.

This concern is especially acute now with the arrival of the March quarter day, meaning that tenants who have already seen an enormous drop in business over the last month, also face the prospect of having to pay the next quarter’s rent and service charge.

It is inevitable that many tenants will struggle to find the funds needed to pay the full quarter’s rent when faced with a rapidly falling income and outgoings that are likely to be reducing at a far slower rate.

For further information regarding the issues raised here, or for more specific advice, please contact a member of the Property Litigation team at Knights plc