Have you deferred paying your mortgage or credit card debts?
April 17, 2020
Pressure intensifies for 100% government-backed business loans
April 20, 2020

Coronavirus advice for landlords: how to reduce rent temporarily

Q The tenants of our rental property have not worked since the start of the coronavirus lockdown. They have asked for a reduction in rent. Would any reduction be permanent, or can we limit it to the period of the emergency?

A The coronavirus crisis will inevitably throw up legal issues not seen since the Second World War, such as the effect of temporary agreements on carefully drawn-up tenancy agreements and leases.

One of the most famous cases in English law is the 1946 decision in Central London Property Trust v High Trees House. In 1940 the landlord of a block of flats agreed to a halving of rent against the background of the “prevailing conditions” at the time.

Q The tenants of our rental property have not worked since the start of the coronavirus lockdown.