Why retailers and landlords are asking for turnover-based rents

Since the start of the COVID-19 lockdown, commercial landlords and tenants have been negotiating ways to cope as restrictions begin to ease, writes Joanna Bourke in the Evening Standard, with a turnover-based rent model, which is a way of allowing tenants to pay rent based on how sales perform, being amongst the most in-demand solutions. “Turnover-based rents can benefit both occupiers and property owners,” continues Ms Bourke. “For the former it is a way to reduce rents when trading is hard, and then give landlords more when times are better”.

Read more: Evening Standard

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