Rental Holidays and Rent Reduction Notices being Issued or Imposed Unilaterally by Media Contractors

It is not totally unexpected that all businesses are looking carefully at their outgoings in the current climate. Landlords of most commercial properties are in discussions with their tenants and owners of media assets cannot expect to escape bad news. TTP have recieved a number of urgent enquiries from media asset owners asking for advice both on the reasonableness of the requests and on strategy. It also provides the opportunity to review the terms of existing agreements. We all need to act reasonably but we also all need to make informed decisions. Contact Tim Thomas, MRICS if you need advice.