Ian Narbeth

Registered with Property118.com
Monday 8th July 2013

Location
London

Trading Status
Joint

Providing essential rental accommodation since
1989

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 974

Ian Narbeth

15:08 PM, 26th March 2020
About A week ago

Newly released for 6A confirming 3 months notice

Reply to the comment left by Leonardo de Cristofano at 26/03/2020 - 13:34
Hi Leonardo, if the AST allows the tenant to break on 2 months' notice then I think it will remain at 2 months. The legislation is designed to protect tenants from eviction. Given that it was taking 5-6 months after expiry of notice to get a tenant out using the courts, I suspect it will be much longer now unless the current situation changes dramatically for the better soon.... Read More

Ian Narbeth

12:00 PM, 26th March 2020
About A week ago

PLC's pushing small landlords over the edge

Reply to the comment left by Darren Peters at 26/03/2020 - 11:38
Hi Darren
The answer is rather too complex to post here (and I am not an insolvency specialist) but what has happened with a number of tenants is that they put together a CVA under which they agree to pay all creditors 100p in the £ except landlords, who will take a rent reduction. Creditors (other than those with security) get to vote and if a majority approve then the CVA comes into force. There may also be a moratorium preventing landlords from forfeiting the lease.

In the current market landlords may not want to forfeit, because (a) it stops the tenant trading from the premises which affects profitability, (b) the landlord will have responsibility for outgoings and (c) the Landlord may not be able to recover damages.... Read More

Ian Narbeth

11:27 AM, 26th March 2020
About A week ago

Newly released for 6A confirming 3 months notice

Reply to the comment left by Leonardo de Cristofano at 26/03/2020 - 09:32
Leonardo, if the tenancy has become periodic the tenant can give one month's notice. That has not changed so far as I am aware.... Read More

Ian Narbeth

11:25 AM, 26th March 2020
About A week ago

PLC's pushing small landlords over the edge

Reply to the comment left by ray selley at 26/03/2020 - 11:02As I understand it, commercial tenants are able to defer rent and landlords will not be able to forfeit. No doubt some tenants, especially retailers, will look to re-negotiate rents but that was happening before COVID-19. Many landlords will have to assess whether their tenant will go under without a rent reduction. Alternatively, tenants will go for a Company Voluntary Arrangement (CVA) and impose rent reductions on landlords.... Read More

Ian Narbeth

9:36 AM, 26th March 2020
About A week ago

PLC's pushing small landlords over the edge

Hi Zara, unless they have a break clause or the term of the lease is ending, they have no legal exit route and cannot require you to forgo rent, only to defer it which de facto is what the Government proposes. I doubt you will wish to forfeit the lease at the moment in any event. There may be other options but I suggest you contact your lender and explain the position and ask for a payment deferral of interest which can be rolled up and added to the loan..... Read More