As people continue to return to the workplace following the Government's recent announcement, businesses continue to do all that they can to ensure a "Covid-secure" workplace, adhering to the latest guidelines.
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Following on from Sunday's announcement by the Prime Minister regarding the relaxing of some lockdown measures, the Government has published refreshed guidance for employers about how to work safely during the coronavirus (COVID-19) pandemic.
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As the Government begins to announce the ease of social distancing restrictions amid the continued COVID-19 outbreak, both landlords and tenants will be considering what steps they need to take to enable their business, or that of their tenants, to return to normal.
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There is a plethora of information and misinformation from across the globe relating to the post-COVID-19 workplace, from advice and sales calls, to guides, stories and emailers offering a host of products that will be ‘necessary’ to ensure a safe return to the office.
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Owner occupiers have one significant advantage over leaseholders when it comes to the requirement to raise significant sums of cash relatively quickly – the property they occupy.
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Many businesses and their people are being adversely affected financially by the COVID-19 pandemic, through no fault of their own. As a result, there is considerable sensitivity around lenders taking any formal action against borrowers during these unique circumstances.
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“Now that everyone is working from home, can I close all of my offices at the next lease break?” This is a question we have been asked in various forms and with varying levels of seriousness in recent weeks in conversation with our occupier clients. And the answer isn’t a straight forward one.
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A key requirement of a property valuation is that you have to inspect the building in question. Since the implementation of stringent measures to combat the spread of COVID-19, surveying and valuing properties in person has become more challenging, but not impossible.
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Many property transactions are being driven by lease events such as lease ends or break dates, which will need to proceed despite the challenges that COVID-19 presents.
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Both landlords and tenants are starting to plan how to put their best foot forward to ensure that they emerge from the current COVID-19 pandemic in as good shape as is possible.
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