Bill Chandler, Future of Town Centres

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Legal Director at law firm Hill Dickinson on the Commercial Rent Arrears Recovery regime being introduced next April; the validity of exclusivity covenants given by landlord to retail tenants since the competition law changes; and the Energy Act provisions which will prohibit renting out premises with poor EPC ratings from 2018

Published in: Real Estate, Technology, Business
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Bill Chandler, Future of Town Centres

  1. 1. „Future of Town Centres‟ Conference The only way is up Bill Chandler Hill Dickinson LLP 27 November 2013
  2. 2. “Rumours of my demise have been greatly exaggerated” Here lies EXCLUSIVITY AGREEMENT Beloved cousin of Restrictive Covenant RIP
  3. 3. Exclusivity agreements • What happened on 6 April 2011? • Property agreements subject to competition law • Exclusivity agreements particularly vulnerable • Defining the ‘market’ is crucial • Still life in the old dog yet?
  4. 4. Run for your lives! CRAR-RRRR!!
  5. 5. Commercial Rent Arrears Recovery • What happens on 6 April 2014? • CRAR replaces law of distress • Rent only, not insurance rent or service charge etc • 7 days notice to tenant • Cannot use for mixed-use premises
  6. 6. We‟re all doomed!
  7. 7. Energy Act 2011 • What happens on 1 April 2018? • F & G rated properties become unlettable? • Another step on a long road • What is YOUR strategy? – Ostrich? – Dustman? – Superhero?
  8. 8. Bill Chandler Legal Director  0151 600 8725 bill.chandler@hilldickinson.com www.hilldickinson.com

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