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Our previous articles detailed the government measures brought in to assist tenants affected by the COVID-19 pandemic, including the publishing of a code of practice for commercial property relationships (The Code).
We’re delighted to announce the promotion of 36 associates to senior associate, up from 22 last year. The senior associates are drawn from insurance and liability, healthcare, and commercial, including specialists in fraud, commercial litigation, real estate, aviation and regulatory law. 28 of those promoted are based in the UK, four in Australia, two in Denmark, one in the Middle East and one in our Lat Am and Caribbean practice in Miami.
On 19 June 2020 the Government published its long awaited Code of Practice for commercial property relationships during the COVID-19 pandemic to assist landlords and tenants who have found themselves in an unprecedented financial situation due to the pandemic.
We are now into the eleventh week of lockdown. Some restrictions are beginning to ease, such as the opening of shops or stalls that can do all or most of their trading outside.
Development finance presents one of the more hazardous areas for lenders, due to the risks associated with providing funding at the outset of a project when redeveloping or erecting a new building.
With increasing numbers of people renting residential properties long term due to high house prices, the government has introduced legislation limiting the ability of landlords and letting agents to charge certain fees to tenants in the private residential rented sector.