Turnover Rents – the latest guidance

Since the pandemic there has been a resurgence in interest in turnover rents, particularly with the perilous state of the high street for new start-up shops. However, dealing with them correctly for either a landlord or a tenant needs more than using an off-the-shelf precedent. A detailed understanding of the tenant’s proposed business.

This webinar will look at the key provisions and consider the key points to focus on, including:

• Structure-full turnover-base rent plus turnover?
• What percentage
• For how long – revert to UORR?
• Caps?
• Service charges and insurance too?
• Keep-open covenants
• Showrooming
• Concessions
• Alienation
• Payment mechanics
• Turnover is not profit
• What is turnover?
• Returns, theft, waste, etc